On Intertemporal General-Equilibrium Reallocation Effects of Europe's Move to a Single Market
AbstractThis paper provides intertemporal general-equilibrium investigation of the welfare and employment consequences of Europeâs move to a unified market, using a multicountry, multisector applied model with imperfect competition, increasing returns-to-scale, and product differentiation at the firm level. The oligopolistic game between firms is assumed to be Nash in output. In the short-term, market imperfections (such as oligopolistic profits and wage rigidities) may exist. These imperfections vanish in the long run, characterized by stock-flow equilibrium consistent with steady-state growth. âEurope 1992â is interpreted as the elimination of the possibility for oligopolistic firms to price-discriminate between client countries within the European Community. Investigations are performed under alternative wage determination mechanisms (flexible wages v.s. wage indexation). We show, among other things, that the gains remain modest when dynamic effects are taken into account, and that all member countries are not sure to gain from European integration in the long run.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoPaper provided by Centre interuniversitaire de recherche en économie quantitative, CIREQ in its series Cahiers de recherche with number 9401.
Date of creation: 1994
Date of revision:
Contact details of provider:
Postal: C.P. 6128, Succ. centre-ville, Montréal (PQ) H3C 3J7
Phone: (514) 343-6557
Fax: (514) 343-7221
Web page: http://www.cireq.umontreal.ca
More information through EDIRC
Other versions of this item:
- Jean Mercenier & Bernardin Akitoby, 1993. "On intertemporal general-equilibrium reallocation effects of Europe's move to a single market," Discussion Paper / Institute for Empirical Macroeconomics 87, Federal Reserve Bank of Minneapolis.
- Mercenier, J. & Akitoby, B., 1994. "On Intertemporal General-Equilibrium Reallocation Effects of Europe's Move to a Single Market," Cahiers de recherche 9401, Universite de Montreal, Departement de sciences economiques.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Burniaux, Jean Marc & Waelbroeck, Jean, 1992. "Preliminary results of two experimental models of general equilibrium with imperfect competition," Journal of Policy Modeling, Elsevier, vol. 14(1), pages 65-92, February.
- Haaland, Jan I. & Wooton, Ian, 1991.
"Market Integration, Competition and Welfare,"
CEPR Discussion Papers
574, C.E.P.R. Discussion Papers.
- Mercenier, J. & Schmitt, N., 1992.
"Sunk Costs, Free-Entry Equilibrium and Trade Liberalization in Applied General Equilibrium : Implication for "Europe 1992","
Cahiers de recherche
9235, Universite de Montreal, Departement de sciences economiques.
- Mercenier, J. & Schmitt, N., 1992. "Sunk Costs, Free-Entry Equilibrium and Trade Liberalization in Applied General Equilibrium : Implication for "Europe 1992"," Cahiers de recherche 9235, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- Mercenier, J. & Schmitt, N., 1992. "Sunk Costs, Free-Entry Equilibrium and Trade Liberalization in Applied General Equilibrium : Implications for 'Europe 1992'," Discussion Papers dp92-16, Department of Economics, Simon Fraser University.
- Haaland, Jan I. & Norman, Victor D, 1992. "Global Production Effects of European Integration," CEPR Discussion Papers 669, C.E.P.R. Discussion Papers.
- Silvestre, J., 1991.
"The Market-Power Foundations of Macroeconomic Policy,"
374, California Davis - Institute of Governmental Affairs.
- Silvestre, Joaquim, 1993. "The Market-Power Foundations of Macroeconomic Policy," Journal of Economic Literature, American Economic Association, vol. 31(1), pages 105-41, March.
- Gasiorek, Michael & Smith, Alasdair & Venables, Anthony J., 1992. "`1992': Trade and Welfare; A General Equilibrium Model," CEPR Discussion Papers 672, C.E.P.R. Discussion Papers.
- Harris, Richard, 1984.
"Applied General Equilibrium Analysis of Small Open Economies with Scale Economies and Imperfect Competition,"
American Economic Review,
American Economic Association, vol. 74(5), pages 1016-32, December.
- Richard Harris, 1983. "Applied General Equilibrium Analysis of Small Open Economies with Scale Economies and Imperfect Competition," Working Papers 524, Queen's University, Department of Economics.
- Kiyotaki, Nobuhiro, 1988. "Multiple Expectational Equilibria under Monopolistic Competition," The Quarterly Journal of Economics, MIT Press, vol. 103(4), pages 695-713, November.
- Victor Ginsburgh & Yves Mertens, 1985. "Product differentiation and discrimination in the European Community: the case of automobiles," ULB Institutional Repository 2013/1755, ULB -- Universite Libre de Bruxelles.
- Jean Mercenier, 1994.
"Nonuniqueness of solutions in applied general equilibrium models with scale economies and imperfect competition,"
183, Federal Reserve Bank of Minneapolis.
- Mercenier, Jean, 1995. "Nonuniqueness of Solutions in Applied General Equilibrium Models with Scale Economies and Imperfect Competition," Economic Theory, Springer, vol. 6(1), pages 161-77, June.
- repec:fth:simfra:92-16 is not listed on IDEAS
- Mertens, Yves & Ginsburgh, Victor, 1985.
"Product Differentiation and Price Discrimination in the European Community: The Case of Automobiles,"
Journal of Industrial Economics,
Wiley Blackwell, vol. 34(2), pages 151-66, December.
- MERTENS, Yves & GINSBURGH, Victor, . "Product differentiation and price discrimination in the European Community: The case of automobiles," CORE Discussion Papers RP -672, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Oswald, Andrew J, 1982. "The Microeconomic Theory of the Trade Union," Economic Journal, Royal Economic Society, vol. 92(367), pages 576-95, September.
- Manning, Alan, 1991.
"Multiple Equilibria in the British Labour Market: Some Empirical Evidence,"
CEPR Discussion Papers
540, C.E.P.R. Discussion Papers.
- Manning, Alan, 1992. "Multiple equilibria in the British labour market : Some empirical evidence," European Economic Review, Elsevier, vol. 36(7), pages 1333-1365, October.
- Manning, Alan, 1990. "Imperfect Competition, Multiple Equilibria and Unemployment Policy," Economic Journal, Royal Economic Society, vol. 100(400), pages 151-62, Supplemen.
- Robert GARY-BOBO, 1988. "Equilibre général et concurrence Imparfaite : un tour d’horizon," Discussion Papers (REL - Recherches Economiques de Louvain) 1988012, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- Mercenier, Jean & Yeldan, Erinc, 1999. "A Plea For Greater Attention on the Data in Policy Analysis," Journal of Policy Modeling, Elsevier, vol. 21(7), pages 851-873, December.
- Einar Bowitz & Taran FÃ¦hn & Leo GrÃ¼nfeld & Knut Moum, 1997. "Can a Wealthy Economy Gain from an EU Membership? Adjustment Costs and Long Term Welfare Effects of Full Integrationâ€”The Norwegian Case," Open Economies Review, Springer, vol. 8(3), pages 211-231, July.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sharon BREWER).
If references are entirely missing, you can add them using this form.