International Trade, Unemployment, and Firm Owners in a General Equilibrium with Oligopoly

International Trade, Unemployment, and Firm Owners in a General Equilibrium with Oligopoly
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发表时间：
2014-01
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通讯作者：
Keita Kamei
Keita Kamei
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作者：
Keita Kamei

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本文将 Shapiro 和 Stiglitz (1984) 的效率工资模型纳入 Neary (2009) 的一般寡头垄断均衡模型中。我们表明，贸易自由化产生的有利于竞争的效应提高了雇员的实际工资并放宽了非偷懒条件。因此，失业率有所改善。通过数值分析，我们表明，如果企业生产率足够低，贸易自由化会提高企业所有者的效用。
This paper incorporates the efficiency wage model of Shapiro and Stiglitz (1984) into a general oligopolistic equilibrium model of Neary (2009). We show that the pro-competitive effect stemming from trade liberalization increases the real wage of employees and relaxes the non-shirking condition. Therefore, the unemployment rate improves. Using numerical analysis, we show that, if firm productivity is sufficiently low, trade liberalization improves the utility of firm owners.