Economic Integration and Union Power |
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| Authors: | Batavia Bala Nandakumar Parameswar |
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| Institution: | (1) DePaul University, 1, E. Jackson Boulevard, Chicago, IL 60604, USA;(2) Indian Institute of Management, Calicut, India |
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| Abstract: | The standard utility-maximizing model of the trade union in a closed economy is reformulated for an environment where economic integration is under way or expected to occur soon. In the (European) realistic setting of union-dominated labor markets, domestic wages are shown to be affected by labor market developments abroad. This article provides an explanation of the international transmission of inflation and disinflation |
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| Keywords: | trade union behavior capital mobility economic integration |
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