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9. Consider an economy with two labor markets, neither of which is unionized. Now suppose a union is established in one markert A) Show the
9. Consider an economy with two labor markets, neither of which is unionized. Now suppose a union is established in one markert A) Show the effect of the union on the market in which it is formed. In what sense is the quantity of labor employed in this market an inefficient quantity? B) Show the effect of the union on the nonunionized market. What happens to the equilibrium wage in this market
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Introduction to Behavioral Economics
Authors: David R. Just
1st edition
0470596228, 978-0470596227
