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

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  • Huw David Dixon
  • Michele Santoni

Abstract

We consider a three sector small open economy with a monopolistic non traded sector, a competitive traded good sector, and a capital good sector. In both the consumer good sector, 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 bargaining 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 strength in one sector affecting the other sectors. Second, we consider the influence of the bargaining process on the welfare analysis of fiscal policy.

Suggested Citation

  • Huw David Dixon & Michele Santoni, 1995. "An Imperfectly Competitive Open Economy with Sequential Bargaining in the Labour Market," Annals of Economics and Statistics, GENES, issue 37-38, pages 293-317.
  • Handle: RePEc:adr:anecst:y:1995:i:37-38:p:293-317
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    Cited by:

    1. José M. Martín-Moreno, 1999. "Consumo público e inflación dual," Investigaciones Economicas, Fundación SEPI, vol. 23(2), pages 173-202, May.
    2. Luís F. Costa, "undated". "Product Differentiation, Fiscal Policy, and Free Entry," Discussion Papers 98/20, Department of Economics, University of York.

    More about this item

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • J5 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining

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