TAILIEUCHUNG - Lecture Labour market economics: Chapter 15 - Dwayne Benjamin, Morley Gunderson, Craig Riddell

The topics discussed in this chapter are wage and employment determination under collective bargaining. This chapter includes contents: Union behaviour, interaction between firms and unions, inefficient production decisions, inefficient union practices, bargaining power. | Chapter Fifteen Wage and Employment Determination Under Collective Bargaining Created by: Erica Morrill, Fanshawe College Chapter 15- © 2002 McGraw-Hill Ryerson Ltd. Chapter Focus Union behaviour Interaction between firms and unions Inefficient production decisions Inefficient union practices Bargaining power Chapter 15- © 2002 McGraw-Hill Ryerson Ltd. Theory of Union Behaviour Unions attempt to maximize objectives given economic constraints Ability to characterize preferences of unions is difficult Chapter 15- © 2002 McGraw-Hill Ryerson Ltd. Union Objectives Factors influencing preferences information available union’s political decision-making process degree of homogeneity Chapter 15- © 2002 McGraw-Hill Ryerson Ltd. Union Objectives Utility is a positive function of wage rate and employment Indifference curve is downward sloping higher wage is needed to compensate for lower employment Curves have a convex shape diminishing marginal rate of substitution .

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