An Institutional Economic Analysis of Labor Unions
Author(s)
Kaufman, BE
Griffith University Author(s)
Year published
2012
Metadata
Show full item recordAbstract
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 ...
View more >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 >
View more >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
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
Applied economics
Industrial and employee relations