Upmann, Thorsten; Müller, Julia - In: Journal of Institutional and Theoretical Economics (JITE) 170 (2014) 2, pp. 336-385
We apply a model with two types of labour where each group decides on whether it prefers to be represented by an independent craft-specific labour union or by a joint union. Applying the asymmetric Nash bargaining solution, we find that it is beneficial for at least one group of labourers to...