UNSPECIFIED. (1998) International trade and economic integration when labour markets are generally unionised. EUROPEAN ECONOMIC REVIEW, 42 (7). pp. 1251-1267. ISSN 0014-2921

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Abstract

The paper develops a theoretical framework in which international trade occurs between economies with imperfectly competitive product markets and unionised labour markets. We are able to investigate the impact on both product and labour market outcomes of increased product market integration across the trading economies. Our strongest result is the finding that increased integration leads monopoly unions to set higher Nash equilibrium wages. In other words, a more competitive product market does not necessarily generate a more competitive labour market. (C) 1998 Elsevier Science B.V. All rights reserved.

Item Type:	Journal Article
Subjects:	H Social Sciences > HC Economic History and Conditions
Journal or Publication Title:	EUROPEAN ECONOMIC REVIEW
Publisher:	ELSEVIER SCIENCE BV
ISSN:	0014-2921
Date:	July 1998
Volume:	42
Number:	7
Number of Pages:	17
Page Range:	pp. 1251-1267
Publication Status:	Published
URI:	http://wrap.warwick.ac.uk/id/eprint/15514

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