Market integration and imperfect competition in labor and product markets

Jan Sørensen

Open Economies Review, 1994, vol. 5, issue 1, 115-130

Abstract: We analyze the consequences of product market integration in a simple two-country, two-sector, general-equilibrium model with imperfect competition due to economies of scale. In contrast to the existing literature we take explicit account of the labor-market structures in the integrating economies. It turns out that the specific labor-market structures are very important for how integration affects total production and product market structure in a particular economy. However, integration always gives rise to a welfare gain in both economies. Copyright Kluwer Academic Publishers 1994

Keywords: integration; labor unions; imperfect competition; economies of scale (search for similar items in EconPapers)
Date: 1994
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DOI: 10.1007/BF01000747

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