In: Economics
Explain how unions can affect efficiency through the Screening model.
2.Explain the evolution of the Exit, Voice, and Loyalty model to explain the rationale for unions. What interesting upshots come out of this model. (note: your answer should include an explanation of an efficiency wage)
3. Explain how unions can act as a form of insurance for employees.
4. Explain how unions can be regarded as a consumer good.
5. Explain the Webbs’ theory of the goals of the labour movement
6.Explain Hoxie’s model of Functional Unionism
7.Why did unionism develop differently in Europe as opposed to North America?