system of collective bargaining between a single industry union and the industry's employers association. Our cartel analysis … establishment of a fully tariff-enabled union. Such an endeavor must go hand in hand with the institutionalization of a competition …

have much to gain from banding together as an association, raising their prices and eliminating non-union competition, with … profits in the form of higher wages and benefits. A threat to this cartel is an employer who wants to bargain with the union … union despite the federal labor policy of protecting an employer’s freedom in selecting its bargaining representative. This …