Cozzi, Guido; Palacios, Luis-Felipe - In: Contributions to Macroeconomics 3 (2003) 1, pp. 1116-1116
In this paper we challenge Parente and Prescott's (1999) theoretical framework, which establishes that unions use their control of "work practices" to thwart the efficient use of technology in the firms. We argue instead that unions, despite endowing monopoly rights over a technology, should...