Competitiveness and Product Market Integration

Jakob Roland Munch; Jan Rose Sørensen

doi:10.1023/A:1008374426687

Competitiveness and Product Market Integration

1 Citation (Scopus)

Abstract

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.

Original language	English
Journal	Open Economies Review
Volume	11
Issue number	4
Pages (from-to)	359-381
Number of pages	23
ISSN	0923-7992
DOIs	https://doi.org/10.1023/A:1008374426687
Publication status	Published - 2000
Externally published	Yes

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10.1023/A:1008374426687

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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.

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Competitiveness and Product Market Integration

Abstract

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