Vertical di ff erentiation , wage bargaining and intra - industry trade liberalization ∗
نویسنده
چکیده
This article analyzes the effects of trade liberalization between two asymmetric industries. Asymmetries concern consumers masses and labor endowments. The latter, together with human capital speci&city in the production of the variants of a vertically differentiated good, determine market form and the range of products available in each industry. We show that market integration bene&ts or harms the agents in the industries following on industry-speci&c parameters. As the conditions on gains and losses from trade are independent between countries, bilateral losses from trade can emerge at equilibrium.
منابع مشابه
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