Cross-Hauling Direct Foreign Investment and Unionized Oligopoly
Cross-Hauling Direct Foreign Investment and Unionized Oligopoly
复制标题
交叉运输直接外国投资和联盟寡头垄断
DOI:
10.1016/0014-2921(94)00038-2
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发表时间:
1995
期刊:
影响因子:
--
通讯作者:
Lex Zhao
中科院分区:
文献类型:
--
作者:
Lex Zhao
We construct a partial equilibrium model of intra-industry cross-hauling DFI with unionized duopoly, where wages and employment are determined through Nash bargaining between firms and national labor unions. We show that under symmetry, cross-hauling DFI is the unique Nash equilibrium, in which the negotiated wage decreases for every level of employment and each firm's profit increases. Cross-hauling DFI increases (decreases) employment and national welfare if the union is wage (employment) oriented.