Arbeitspapier
Wage competition with international capital mobility
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.
- Language
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Englisch
- Bibliographic citation
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Year: 1997 ; Kiel: Institut für Weltwirtschaft (IfW)
- Classification
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Wirtschaft
- Subject
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capital mobility
trade unions
Lohnpolitik
Gewerkschaftspolitik
Standortwettbewerb
Kapitalmobilität
Oligopol
Spieltheorie
Theorie
- Event
-
Geistige Schöpfung
- (who)
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Lorz, Jens Oliver
- Event
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Veröffentlichung
- (who)
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Kiel Institute of World Economics (IfW)
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
- (where)
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Kiel
- (when)
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1997
- Handle
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Lorz, Jens Oliver
- Kiel Institute of World Economics (IfW)
- ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
Time of origin
- 1997
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