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  • An Institutional Economic Analysis of Labor Unions

    Author(s)
    Kaufman, BE
    Griffith University Author(s)
    Kaufman, Bruce
    Year published
    2012
    Metadata
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    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 ...
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    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.
    View less >
    Journal Title
    Industrial Relations
    Volume
    51
    Issue
    S1
    DOI
    https://doi.org/10.1111/j.1468-232X.2012.00686.x
    Copyright Statement
    Self-archiving of the author-manuscript version is not yet supported by this journal. Please refer to the journal link for access to the definitive, published version or contact the author for more information.
    Subject
    Industrial Relations
    Applied Economics
    Business and Management
    Law
    Publication URI
    http://hdl.handle.net/10072/46912
    Collection
    • Journal articles

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