UNSPECIFIED (1999) Union wage strategies and international trade. ECONOMIC JOURNAL, 109 (452). pp. 102-125. ISSN 0013-0133

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Abstract

We characterise a full set of possible international trade regimes for different combinations of wages in a two-country model of oligopoly with a homogeneous product. We show that the nature of any equilibrium trade will he either inter-industry (one-way) or intra-industry (two-way) depending on (endogenous) union choices between high and low-wage strategies. We show that intra-industry trade is the more likely the lower are trade costs, and that under intra-industry trade, falling trade costs lead monopoly unions to set higher wages, but the opposite obtains under inter-industry trade.

Item Type:	Journal Article
Subjects:	H Social Sciences > HC Economic History and Conditions
Journal or Publication Title:	ECONOMIC JOURNAL
Publisher:	BLACKWELL PUBL LTD
ISSN:	0013-0133
Date:	January 1999
Volume:	109
Number:	452
Number of Pages:	24
Page Range:	pp. 102-125
Publication Status:	Published
URI:	http://wrap.warwick.ac.uk/id/eprint/14875

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