Collective bargaining is still the main vehicle worldwide for labor to negotiate with management in both the public and private sectors This book presents a new theoretical model of union bargaining It challenges the commonly held view that collective bargaining has a negative impact on economic welfare and argues that with the existence of market озиьф failure, collective bargaining can be welfare enhancing This book will be a research resource for scholars, professionals and policymakers and supplementaryreading for upper-level courses in labor economics, public economics, game theory and international economics.  CatheriISBN 0521663237.