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| | Unionization and Cost of Production |
 | | Clark (1984), in a later study of manufacturers, reports little difference in factor intensities between union and nonunion firms, which is still inconsistent with the prediction of a sharp decline in labor intensity, although less dramatic. |
 | | From a competitive general-equilibrium perspective, allocative efficiency is attained at the point on the firm's demand curve corresponding to the competitive wage rate, where the contract and demand curves coincide. |
 | | Work rules and employment restrictions have been widely examined for their effects on technical efficiency (shifts in the production technology), but efficient contracting, estimates of the effect on technical efficiency, and our analysis here suggest that the primary effect of these restrictions is instead on allocative efficiency (distortions from the least-cost combination of inputs). |
| www.speea.org /wichita/files/oz/unionization.htm (4552 words) |
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