The paper analyses the welfare effects of union bargaining centralisation in a simple general equilibrium model. A two-sector model is developed where the wage rate in the first sector is either set decentralised by a small union at the firm level or centralised by a large union covering all...

Court delay frustrates economic behavior. Surprisingly, the impact of a coherent jurisdiction for the timely resolution of legal disputes has so far received little attention in civil law countries. Consequently, this paper examines the nexus between court delay and the availability of legal...