TY - JOUR
T1 - Competitiveness and Product Market Integration
AU - Munch, Jakob Roland
AU - Sørensen, Jan Rose
PY - 2000
Y1 - 2000
N2 - This article develops a two-country, two-sector model with imperfect competition in one sector and asymmetric labor market structures in the sense that trade unions have wage bargaining power in one country whereas the labor market is competitive in the other country. We use a new approach to model product market integration, and it turns out that the unionized country gains from integration in terms of welfare, and, if the initial level of integration is relatively low, experiences an increase in employment and investment.
AB - This article develops a two-country, two-sector model with imperfect competition in one sector and asymmetric labor market structures in the sense that trade unions have wage bargaining power in one country whereas the labor market is competitive in the other country. We use a new approach to model product market integration, and it turns out that the unionized country gains from integration in terms of welfare, and, if the initial level of integration is relatively low, experiences an increase in employment and investment.
U2 - 10.1023/A:1008374426687
DO - 10.1023/A:1008374426687
M3 - Journal article
SN - 0923-7992
VL - 11
SP - 359
EP - 381
JO - Open Economies Review
JF - Open Economies Review
IS - 4
ER -
