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Union wage strategies and international trade
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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 | ||||
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Subjects: | H Social Sciences > HC Economic History and Conditions | ||||
Journal or Publication Title: | ECONOMIC JOURNAL | ||||
Publisher: | BLACKWELL PUBL LTD | ||||
ISSN: | 0013-0133 | ||||
Official Date: | January 1999 | ||||
Dates: |
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Volume: | 109 | ||||
Number: | 452 | ||||
Number of Pages: | 24 | ||||
Page Range: | pp. 102-125 | ||||
Publication Status: | Published |
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