We investigate how union rent seeking is affected by import competition. The myopic theory of union rent extraction assumes that unions attempt to maximize current rents. In such a scenario, unionization, even with import competition, may increase the rents earned by union workers. On the other...

Arguably, private enterprise flourishes under conditions of increased freedom. However, increases in economic freedom can sometimes impose costs on others (negative externalities and monopoly power being prominent examples). Nevertheless, on balance, it is typically expected that the greater the...