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Occupational licensing and non-competition agreements are two important types of labour market regulation in the United … States, both covering around one fifth of all workers. While some regulation is needed to protect safety and ensure quality … these barriers. The States are mainly responsible for labour market regulation and the variation across States is similar to …
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Trade unions distort a profit-maximising firm's input choice. The nature of the resulting inefficiency depends on whether there is wage or efficient bargaining. Moreover, trade unions redistribute income and thereby affect welfare. If firms also pursue Corporate Social Responsibility (CSR)...
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