Labour Market Imperfection and HOS Model: Some Counterintuitive Results

This note introduces labour market imperfection in an otherwise Heckscher-Ohlin-Samuelson (HOS) model and provides a theory of unionized wage formation. It demonstrates that this framework satisfies the Stolper-Samuelson theorem and the magnification effect and that it is capable of producing certain results which are contrary to the standard HOS and the Corden and Findlay (1975) results.

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Year of publication:	2009-05-20
Authors:	Chaudhuri, Sarbajit
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Labour market imperfection \| Heckscher-Ohlin-Samuelson model \| Corden and Findlay model \| Foreign capital \| Trade liberalization

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	O17 - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements ; F21 - International Investment; Long-Term Capital Movements
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008578232