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Unionization and Regulation: The Division of Rents in the Trucking Industry (Classic Reprint) - Softcover
Synopsis
Learn how union presence affects profits in the regulated trucking industry and what that means for regulation.
This edition analyzes how labor and regulatory forces interact in trucking, using detailed financial and operating data from multiple firms. It frames the discussion with the book’s core premise: unions can capture a large share of rents generated by regulation, influencing firm value and industry dynamics. The analysis emphasizes the methods used to measure profits, rents, and the role of unionization, while remaining grounded in the practical realities of the industry.
Readers will gain an accessible view of the study’s approach, including how unionization rates are estimated, how rents are calculated, and how the results vary across regulatory periods. The work relies on widely cited data sources and econometric methods to explore who benefits from regulation and how changes in policy affect firm behavior and labor outcomes.
- How unionization is defined and measured, and why it matters for firm value.
- The data sources and methods used to estimate rents and profits in a regulated setting.
- How findings contrast between regulated years and post-deregulation periods.
- The interpretation of results for policymakers, researchers, and students of economics and labor relations.
Ideal for readers of economics, labor studies, and regulatory policy who want a grounded, data-driven look at rents, unions, and trucking regulation.
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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
Seller: PBShop.store US, Wood Dale, IL, U.S.A.
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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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