Searching for the EU social dialogue model
By: Richard B. Freeman.
Contributors: National Bureau of Economic Research.
Series: NBER working paper series -- no. 12306.; Working paper series (National Bureau of Economic Research) -- working paper no. 12306.
Publisher: National Bureau of Economic Research
Published: 2006
Place of publication: Cambridge, Mass
Language: eng
Number of pages: 31
Subjects: Labor policy -- European Union countries; Labor market -- European Union countries; Institutional economics; European Union countries -- Social policy -- Mathematical models
Description: "The European Union and the United States operate different variants of market capitalism.  The EU model uses social dialogue institutions to help determine economic outcomes, particularly in the labor market, whereas the US relies more on market forces.  The theory of competitive markets provides a powerful framework for analyzing market driven economies and for assessing the conditions under which unfettered markets yield desirable outcomes.  But there is no comparable framework for analyzing institution driven economies.  This paper argues that models of efficient bargaining/the Coase Theorem offer the best framework for analyzing social dialogue economies and for identifying policies and institutional reforms to improve their functioning"--National Bureau of Economic Research web site.
Notes: "June 2006."

Includes bibliographical references (p. 29-31).

Also available in PDF from the NBER world wide web site (www.nber.org).