Labor Law and Economics
I. PREVIOUS ANALYSES OF LABOR 995 A. A Brief Description of the Kinds of Analyses Utilizing Econom ics 995 B. A Chronological Review of the Literature 998 II. THE ECONOMIC MODEL 1004 A. Supply and Demand 1004 B. The Monopolist of an Input 1005 C. Influencing the Employer's Ability to Do Without Labor: Manipulating the Elasticity of Derived Demand 1007 D. Increasing the Value of an Employee's Labor to the Employer: Manipulating the Position of the Derived Demand Curve 1009 E. Assisting the Creation of a Product Cartel by the Final Output Producer 1010 F. Summary of the Economic Model of Labor 1010 III. THE MODEL APPLIED TO CASES: WHAT CONDUCT IS ALLOWED A LABOR UNION? 1010 IV. CREATING A MONOPOLY OF LABOR SUPPLY 1012 A. Labor Supply in a Firm 1012 B. Labor Supply in an Industry 1018 V. MANIPULATING THE ELASTICITY OF THE DERIVED DEMAND FOR LABOR 1022 A. Elasticity of Substitution Between Labor and Other Inputs at the Firm 1022 B. Elasticity of Supply of Other Inputs at the Firm 1026 C. Elasticity of Demandfor the Firm's Output .. 1032 D. Elasticity of Substitution in the Industry 1036 E. Elasticity of Supply of Nonlabor Inputs at the Industry Level . 10 38 F. Elasticity of Demandfor the Industry's Output 1039