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Title:Wage competition with international capital mobility PDF Logo
Authors:Lorz, Jens Oliver
Issue Date:1997
Series/Report no.:Kiel Working Papers 799
Abstract:This paper analyzes wage competition between national trade unions caused by the international mobility of capital. Perfect capital mobility leads to a Bertrand result for the outcome of wage competition: A pure strategy equilibrium implies full employment in all countries. It is shown that such an equilibrium exists for a sufficiently large number of countries. As extensions of the basic model, decreasing returns to scale and capital adjustment costs are introduced.
Subjects:capital mobility
trade unions
Document Type:Working Paper
Appears in Collections:Kieler Arbeitspapiere, IfW
Publikationen von Forscherinnen und Forschern des IfW

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