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An Economic Analysis of the 1998 Patrick Dispute

This article considers some of the policy issues at stake in the waterfront dispute, including an analysis of the factors that led to the dispute and a discussion of the likely outcomes of the new negotiated agreements. It concludes that the introduction of another competitor into the Australian stevedoring industry is relatively unlikely. Without such competition and in the face of 100 percent unionisation, it is not clear whether the short-run gains in productivity from the latest round of enterprise agreements will necessarily be sustained.