Goerke, Laszlo - In: Annals of Public and Cooperative Economics 93 (2022) 1, pp. 177-203
Trade unions distort a profit-maximizing firm's input choice. The nature of the resulting inefficiency depends on … whether there are wage negotiations or there is efficient bargaining. Moreover, trade unions redistribute income and thereby …-enhancing role of trade unions more likely in the presence of wage negotiations. The reverse is true in case of efficient bargaining. …