This study surveys the development and current status of models of union wage
determination since Dunlop and Ross first wrote on the subject in the 1940s. To start, I …

Product and labor market deregulation reduce and redistribute rents, leading economic
players to adjust to this new distribution. It typically comes with distribution and dynamic …

The answer to the question in the title is: A lot. In this essay, I argue that the history of
macroeconomics during the 20th century can be divided into three epochs: Pre-1940. A …

This chapter examines the impact of wage-setting institutions and government policies on
wages and employment, focusing on the OECD countries. There is considerable evidence …

Does import competition alter the extent to which employers, after negotiating workers'
wages upon hire, subsequently shield those wages from external labor-market conditions? If …

We leverage administrative linked employer-employee data from six European countries to
provide the first comparable cross-country evidence on the impact of labor market …

The unemployment rate is one of the most intensively discussed and analysed of all
economic statistics. Along with the rate of growth of output and the rate of inflation, it is …

The role of trade unions in the economy has always been the subject of intensive debate.
Traditionally, the theoretical literature emphasized the role of unions in distorting relative …

Amidst high penetration of renewable energy, virtual power plant (VPP) technology emerges
as a viable solution to bolster power system controllability. This paper integrates a novel …

We examine how a downstream merger affects input prices and, in turn, the profitability of a
such a merger under Cournot competition with differentiated products. Input suppliers can …