Skåtun, John D.F. - In: International Journal of Manpower 16 (1995) 2, pp. 4-16
Looks at a union model where a trade union leader represents union members in dealing with the firm. The union leader … is risk neutral and derives his utility solely from the union fees. The employment level is efficient, and equivalent to … the contracts without a union leader, when the unemployed receive severance pay and wages and employment is included in …