TY - JOUR
T1 - Monopoly unions and corporatism
T2 - Implications for strategic trade policy
AU - Bandyopadhyay, Subhuyu
AU - Bandyopadhyay, Sudeshna Champati
PY - 1998/12
Y1 - 1998/12
N2 - This paper analyzes the effects of corporatism on wage, employment, and optimal trade policy in the context of international market share rivalry. A Striking result of the paper is that when an optimal (Nash)subsidy is in place, wages, employment and the level of the optimal export subsidy itself become independent of the degree of corporatism. This result breaks down under free trade or when domestic policy makers endogenize the foreign wage, yielding in the familiar negative relationship between the degree of corporatism and wages. [F13, J51].
AB - This paper analyzes the effects of corporatism on wage, employment, and optimal trade policy in the context of international market share rivalry. A Striking result of the paper is that when an optimal (Nash)subsidy is in place, wages, employment and the level of the optimal export subsidy itself become independent of the degree of corporatism. This result breaks down under free trade or when domestic policy makers endogenize the foreign wage, yielding in the familiar negative relationship between the degree of corporatism and wages. [F13, J51].
UR - https://www.scopus.com/pages/publications/0344487589
U2 - 10.1080/10168739800000018
DO - 10.1080/10168739800000018
M3 - Article
AN - SCOPUS:0344487589
SN - 1016-8737
VL - 12
SP - 1
EP - 22
JO - International Economic Journal
JF - International Economic Journal
IS - 4
ER -