Market integration and strike activity |
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Authors: | Ana Mauleon Vincent Vannetelbosch |
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Affiliation: | a FNRS and CEREC, Facultés Universitaires Saint-Louis, Boulevard du Jardin Botanique 43, B-1000 Brussels, Belgium b FNRS and CORE, Université catholique de Louvain, 34 voie du Roman Pays, B-1348 Louvain-la-Neuve, Belgium |
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Abstract: | We consider a two-country model of wage determination with private information in unionized, imperfectly competitive, industries. We investigate the effects of opening up markets to trade as well as of further market integration on the negotiated wage and the maximum delay in reaching an agreement. From an initial situation of two-way intra-industry trade, an increase in product market integration decreases the maximum delay in reaching an agreement. However, opening up markets to trade has an ambiguous effect on both the wage outcome and the maximum real delay time. |
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Keywords: | C78 F15 J50 J52 L13 |
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