An Imperfectly Competitive Open Economy with Sequential Bargaining in the Labour Market

Huw Dixon and Michele Santoni

No 937, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: We consider a three sector small open economy, with a monopolistic non-traded sector, a competitive traded good sector, and a capital goods sector. In both the consumer good sectors, there are enterprise unions that bargain sequentially over wages and employment as in Manning (1987). This approach encompasses the standard monopoly union, right to manage and efficient bargain models. We consider first the effects of bargaining strengths at each stage on overall macroeconomic equilibrium. Here we find strong general equilibrium spillover effects: bargaining strengths in one sector affecting the other sectors. Second, we consider the influence of the bargaining process on the welfare analysis of fiscal policy.

Keywords: Imperfect Competition; Small Open Economy; Trade Unions (search for similar items in EconPapers)
JEL-codes: E6 F4 J5 (search for similar items in EconPapers)
Date: 1994-04
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=937 (application/pdf)

Related works:
Journal Article: An Imperfectly Competitive Open Economy with Sequential Bargaining in the Labour Market (1995)
Working Paper: An Imperfectly Competitive Open Economy with Sequential Bargaining in the Labour Market
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cpr:ceprdp:937

Ordering information: This working paper can be ordered from
http://www.cepr.org/ ... pers/dp.php?dpno=937

Access Statistics for this paper

More papers in CEPR Discussion Papers from Centre for Economic Policy Research 33 Great Sutton Street, London EC1V 0DX, UK.
Bibliographic data for series maintained by CEPR ().