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union. Applying the (asymmetric) Nash bargaining solution, we find that under reasonable conditions, it is beneficial for at … tariff unions. -- Trade-union formation ; wage-employment bargains ; Nash bargaining solution ; industry and professional …
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; bargaining centralization …
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welfare gains but gives rise to large wage differentials. -- job search ; wage bargaining ; wage differentials ; unemployment …
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. -- heterogeneous domestic labor markets ; wage bargaining ; impacts of labor taxation ; outsourcing …
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South. In the North, there is wage bargaining between a labor union and firms, and a minimum wage rate exists. Unilateral … bargaining above a given minimum wage promotes mercantilist behavior of developed countries. -- globalization : product cycle …
Persistent link: https://www.econbiz.de/10003923503
This paper sets up a general oligopolistic equilibrium model with unionized labor markets. By accounting for productivity differences, the model features profit and wage differentials across industries. We use this setting to study the impact of trade liberalization on employment, welfare, and...
Persistent link: https://www.econbiz.de/10003923568