A model of economic integration with ownership structure in general equilibrium oligopoly

Keita Kamei

Economics Letters, 2024, vol. 236, issue C

Abstract: This study analyzes the impact of economic integration on employment and wage levels under international oligopolistic competition, focusing on oligopolistic firms with monopolistic power in both goods and labor markets. By extending the oligopolistic general equilibrium model of Azar and Vives (2021) to an economic integration framework, the paper highlights the potential decrease in employment levels driven by two primary factors: the elasticity of labor supply and shifts in the proportion of common ownership. Our results shows that economic integration might reduce wages and employment.

Keywords: General equilibrium oligopoly; Economic integration; Common ownerships; Employment (search for similar items in EconPapers)
JEL-codes: F1 F2 F4 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:236:y:2024:i:c:s0165176524001058

DOI: 10.1016/j.econlet.2024.111622

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