; endogenous growth ; labor unions ; minimum wage ; mercantilism …

Trade unions distort a profit-maximising firm's input choice. The nature of the resulting inefficiency depends on … whether there are wage negotiations or there is efficient bargaining. Moreover, trade unions redistribute income and thereby …-enhancing role of trade unions more likely in the presence of wage negotiations. The reverse is true in case of efficient bargaining. …

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 …. Importantly from a normative vantage point, such CSR objectives make a welfare-enhancing role of trade unions more likely in the …

, unemployment declines if labor unions give more weight to nominal wage gains compared with employment increases …

behaviour of trade unions? To approach these questions theoretical as well as empirical methods were used. The empirical methods …