Assume the utility function of the monopoly Union is: U(w,L) = v(w) x L where L is labor, and v(w) is the utility of the workers from having a wage of w. Clearly, v'(w) > 0, however the sign of v"(w) depends on the risk-loving of the workers. When v"(w) 0, and Q" (L) 0, however the sign of v"(w) depends on the risk-loving of the workers. When v"(w) 0, and Q" (L)