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        An Institutional Economic Analysis of Labor Unions

        Author
        Kaufman, B.
        Attention
        2299/11711
        Abstract
        This paper uses institutional economic theory in the line of Commons and Coase to examine the purposes, economic effects, and social welfare consequences of labor unions. Cross-discipline and cross-national principles of the institutional paradigm are described, the American and European literatures are briefly juxtaposed, and the subject of unions is placed in a larger paradigm context. Relative to previous studies, this paper presents the most formal and analytically developed application of institutional theory to the subject of unions. A number of new or revisionist implications are developed, as are contrasts with neoclassical-based models.
        Publication date
        2012-04
        Published in
        Journal of Industrial Relations
        Published version
        https://doi.org/10.1111/j.1468-232X.2012.00686.x
        Other links
        http://hdl.handle.net/2299/11711
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