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The Jacksonville agreement: Quest for stability in coal.



In highly competitive markets, multiemployer bargaining may be a weak instrument for achieving price and wage stability, especially where a substantial portion of the industry's output is produced under nonunion conditions. Under such conditions, uniformity of wages and other conditions may even aggravate the instability by encouraging nonunion firms to expand output further. As described by the author, these generalizations find some support in the history of one attempt to stabilize output and wages in bituminous coal. (Author's abstract courtesy EBSCO.)

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