Examples of monopoly union model in the following topics:
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- Different economic theories provide a number of models intended to explain some aspects of collective bargaining:
- The so-called monopoly union model (Dunlop, 1944) states that the monopoly union has the power to maximize the wage rate; the firm then chooses the level of employment.
- The right-to-manage model, developed by the British school during the 1980s (Nickell), views the labor union and the firm bargaining over the wage rate according to a typical Nash Bargaining Maximin.
- The efficient bargaining model (McDonald and Solow, 1981) sees the union and the firm bargaining over both wages and employment (or, more realistically, hours of work).
- Define the monopoly union model, the right-to-manage model, and the efficient bargaining model as theories of collective bargaining
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- The laws were designed to prevent large producers from flooding markets with very low priced products, gain a monopoly, and then raise prices to very high levels.
- Such agreements are designed to facilitate trade through the establishment of a free trade area customs union or customs market.
- Free trade areas and customs unions eliminate trade barriers between member countries while maintaining trade barriers with nonmember countries.
- Customs Unions maintain common tariffs and rates for nonmember countries.
- A common market provides for harmonious fiscal and monetary policies while free trade areas and customs unions do not.
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- A common model includes a sector being taken over by the state, followed by one or more publicly owned corporations arranging its day-to-day running.
- Minimum wages, employment protection and trade union recognition rights for the benefit of workers.
- While a number of different models of trade union protection have evolved throughout the world over time, they all guarantee the right of workers to form unions, negotiate benefits and participate in strikes.
- Germany, for instance, appointed union representatives at high levels in all corporations, and as a result, endured much less industrial strife than the UK, whose laws encouraged strikes rather than negotiation.
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- Monopolies, market structures that are the only producer of a certain product, are allowed under government watch so they do not make it impossible for entrepreneurs in the same industry to succeed.
- to organize (private enterprise for profit, labor unions, workers' and professional associations, non-profit groups, religions, etc.)
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- While it is a business model, it can be applied to a wide variety of other circumstances such as consumer cooperatives, housing cooperatives, credit unions, worker cooperatives, and various non-profit formats.
- This balanced organizational model (flat organizations) can come with both challenges and advantages.
- Considering the specificity of this model in terms of structure and decision-making, owners must be comfortable being merely one member among many and being generally oriented towards beneficial objectives for the community.
- Consider the potential advantages and disadvantages of a cooperative as an organizational model
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- One of Wal-Mart's fundamental principles is to stay union free.
- However, in Germany, unions have a powerful position.
- Ver.di is a German union in the service sector.
- With 2.4 million members, it is one of the largest independent, trade unions in the world (Ver.di 2008).
- In addition, structural factors prevented Wal-Mart from fully implementing its successful business model.
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- For instance, in a worker cooperative, people who work for the cooperative are members, while in a credit union, people who have credit union accounts are members.
- Under this model, the executive directors sit on one committee while the non-executive directors sit on the other.
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- It also served as the economic model during the later part of the Great Depression, World War II, and the post-war economic expansion (1945–1973), though it lost some influence following the tax surcharge in 1968 and the stagflation of the 1970s.
- For example, in the United States, the USPS enjoys a government monopoly on nonurgent letter mail as described in the Private Express Statutes.
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- The change-should-be-feared argument almost always relies on a ‘change is always and only an expense' supposition that incorporates ‘top-down' economic models without considering bottom-up' models that take in to account the added savings and potential earnings that new practices and new technologies can produce.
- Similarly, today, China, India and other rapidly growing nations – including those in the European Union –are adopting new standards that speed the deployment of new technologies and products.
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- In older input-output models of the corporation, the firm converts the inputs of investors, employees, and suppliers into salable outputs which customers buy, thereby returning some capital benefit to the firm.
- By this model, firms only address the needs and wishes of those four parties: Investors, employees, suppliers, and customers.
- However, stakeholder theory argues that there are other parties involved, including governmental bodies, political groups, trade associations, trade unions, communities, associated corporations, prospective employees, prospective customers, and the public at large.