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organization and regulate industrial relations to promote equity in bargaining between employers and employees and to promote … conflicts with respect to organizing, collective bargaining, and enforcing collective agreements. Elections, the requirement of … bargaining in good faith, and arbitration were advanced to replace the parties' cruder methods of resolving such conflicts …
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Strikes, just as other types of conflict, used to be difficult to explain from an economic perspective. Initially, it was thought that they were a result of mistakes or irrationality. Then, during the 1980s an explosion of research brought asymmetric information to prominence as a significant...
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