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In a Survey of Consumers, Daniel Kaheman, Jack Knetsch and Richard

question 257

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In a survey of consumers, Daniel Kaheman, Jack Knetsch and Richard Thaler asked their opinion of a hardware store's decision to


Definitions:

Agency Shop Agreement

A labor contract clause requiring employees to either join the union or pay a fee without being forced to become union members.

Taft-Hartley Act

A 1947 United States federal law that restricts the activities and power of labor unions.

Right-to-Work Laws

State laws in the United States that prohibit unions from requiring union membership as a condition of employment, aiming to protect workers' freedom to choose.

Exclusive Representative

An entity or person designated as the sole agent to act on behalf of another entity or group in negotiations or other official matters.

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