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Unions And Unemployment Benefits: Some Insights From A Simple Three-Player Example

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  • HARALD WIESE

    (Universität Leipzig, Postfach 920, 04009 Leipzig, Germany)

Abstract

The aim of this paper is to analyze the interconnections between employment and unionization. We will also see how unemployment benefits drive the interplay of employment and unionization. The basic input into our model stems from cooperative game theory. Building on the Shapley value, several values for TU games with coalition structures have been presented in the literature, most notably by Aumann and Drèze and Owen. We present a value that is capable of dealing with unemployment and unionization. We show that unemployment benefits increase wages but contribute to unemployment, that unemployment can be voluntary, and that unions tend to be beneficial for employed workers if there is overstaffing.

Suggested Citation

  • Harald Wiese, 2011. "Unions And Unemployment Benefits: Some Insights From A Simple Three-Player Example," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., vol. 13(04), pages 383-402.
    • Handle: RePEc:wsi:igtrxx:v:13:y:2011:i:04:n:s0219198911003052
    DOI: 10.1142/S0219198911003052
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    More about this item

    Keywords

    Aumann-Drèze value; Owen value; Shapley value; outside option; unionization; unemployment benefits; C71; J51;
    All these keywords.

    JEL classification:

    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
    • C0 - Mathematical and Quantitative Methods - - General
    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • D5 - Microeconomics - - General Equilibrium and Disequilibrium
    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • M2 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics

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