García Martínez, José Ramón; Sorolla i Amat, Valeri - 2019
vacancy is sufficiently high, there is more unemployment with individual wage setting. Finally, for a constant marginal … of the individual is high compared to the bargaining power of the union, there is more unemployment with individual wage … setting and vice versa. When the individual worker and the union have the same bargaining power, if the cost of opening a …