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Unionization and Regulation: The Division of Rents in the Trucking Industry (Classic Reprint) - Softcover
Synopsis
Excerpt from Unionization and Regulation: The Division of Rents in the Trucking Industry
The empirical results of this study suggest that the Teamsters Union has been a powerful force in the trucking industry. Estimates of the union's share of profits average about seventy percent of total rents. These translate into fifty to sixty thousand dollars of rent per worker in present discounted value. Assuming a ten percent discount rate, the union's annual rents per worker are five to Six thousand dollars.
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This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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About the Author
Nancy L. Rose is the Charles P. Kindleberger Professor of Applied Economics and associate department head for economics at the Massachusetts Institute of Technology. She is a research associate of the NBER and director of its Program on Industrial Organization.
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Unionization and Regulation: The Division of Rents in the Trucking Industry
Print on DemandSeller: Forgotten Books, London, United Kingdom
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Paperback. Condition: New. Print on Demand. This book examines the distribution of regulatory rents in the trucking industry between trucking firms and the Teamsters Union. The author examines the division of regulatory rents in the trucking industry between the owners of trucking firms and members of the Teamsters Union. Previous studies of the effects of the Teamsters Union on the trucking industry have focused on wage trends or union/nonunion wage differentials. The findings of these studies are difficult to interpret and do not reveal the split of rents between the union and trucking companies. The author estimates the impact of unionization directly from trucking companies' profits. The book concludes that the union has been a powerful force in the trucking industry, with estimates of the union's share of profits averaging about seventy percent of total rents. The author argues that this has resulted in rents per worker of fifty to sixty thousand dollars in present discounted value, or five to six thousand dollars annually. This book provides new insights into the division of rents between labor and capital in regulated industries and the broader implications for economic efficiency and industry performance. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781330760741_0
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Unionization and Regulation The Division of Rents in the Trucking Industry Classic Reprint
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330760741
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Unionization and Regulation The Division of Rents in the Trucking Industry Classic Reprint
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330760741
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