The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Collective Bargaining

  • William Brown
Reference work entry


Collective bargaining is a term applied to a variety of methods of regulating relationship between employers and their employees. Its distinctive feature is that it clearly acknowledges a role for trade unions. In contrast with, for example, autocratic paternalism or producer cooperatives, the employer who engages in collective bargaining accepts the right of independent representatives of employees, acting as a collectivity, to argue their point of view on matters that affect their interests. Pay and working conditions are the most common subjects of collective bargaining, but it can encompass any aspect of management.


Arbitration Bargaining Collective bargaining Collusion Consultation Employment contracts Industrial democracy Industrial relations Negotiation Trade unions Wage determination 

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • William Brown
    • 1
  1. 1.