Showing 651 - 653 of 653
Persistent link: https://www.econbiz.de/10010058593
We introduce search unemployment into Melitz's trade model. Firms' monopoly power on product markets leads to strategic wage bargaining. Solving for the symmetric equilibrium we show that the selection effect of trade influences labor market outcomes. Trade liberalization lowers unemployment and...
Persistent link: https://www.econbiz.de/10008860932
Persistent link: https://www.econbiz.de/10004943591