Abstract
I. Introduction
II. Difficulties and Selective Incentives of Collective Action
1. Economic Explanation of Labor Unions and Collective Bargaining
2. The General Logic of Collective Action and the Collective-action Interests
3. Selective Incentives for Collective Action
4. Collective Action in Small Special Interest Groups
III. Inegalitarian Bias in the Occurrence of Collective Action
IV. Behavioral Incentives of Encompassing Interest Groups
V. Cases of Labor Union of Hyundai Motor Company and POSCO
1. Monopoly Functionalization by Labor Union of Hyundai Motor Company
2. Selective Incentives of Hyundai Motor’s Union
3. Politics of Exchange and Insider Solidarity
4. Hyundai Motor’s Three Major Public Goods
5. POSCO’s Labor Management Council and Productivity Alliance
VI. Concluding Remarks
References
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