This paper brings together the modern literatures on monopsony power and labor unions by empirically examining the … of unions as alleviating market failures induced by imperfect competition. To validate our findings and examine …

achieve first-best. Trade unions might also remedy the market failure, in two ways. First, if an industry-wide union has a … of training intensity. Second, firmspecific unions, through raising relative wages and reducing turnover, can increase …

highly volatile economic environment unions may be concerned about the weakening of their bargaining power associated with an …, while training temporary contracts are not affected by unions, volatility and their interplay. We argue that this occurs … because non-training temporary contracts can be used by firms as a buffer stock to cope with uncertainty and by unions to …

security system in an economy with unemployment caused by trade unions. Using a simple two-period overlapping generations …

-and-matching model with low- and high-skilled workers, and wage setting by labor unions. We establish the relationship between task …

-and-matching model with low- and high-skilled workers, and wage setting by labor unions. We establish the relationship between task …

achieve first-best. Trade unions might also remedy the market failure, in two ways. First, if an industry-wide union has a … of training intensity. Second, firmspecific unions, through raising relative wages and reducing turnover, can increase …