Abstract
Many European countries have instigated a form of “industrial democracy” by legislating codetermination schemes. However, codetermination may also be accomplished without legislation. We show that unionizing an industry’s labor supply will also achieve much the same results as mandatory codetermination as long as unions are exempt from antitrust legislation. The value of “union codetermination” will yield returns beyond what economists have previously predicted.
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Cottle, R.L., Macaulay, H.H. & Yandle, T.B. Codetermination: Union style. Journal of Labor Research 4, 125–135 (1983). https://doi.org/10.1007/BF02685171
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DOI: https://doi.org/10.1007/BF02685171