This paper derives a general equilibrium demand‐for‐labour schedule within the Heckscher‐Ohlin‐Samuelson model of a large open economy, and then introduces an economy‐wide labour union that maximizes its utility subject to this demand schedule, thereby determining the real wage and hence total employment A parametric shift's comparative‐static effects on the equilibrium levels of unemployment and welfare are analyzed within this fully unionized economy. Copyright

Additional Metadata
Persistent URL dx.doi.org/10.1111/j.1475-4932.1989.tb00932.x
Journal Economic Record
Citation
Brecher, R.A, & LONG, N.V. (NGO VAN). (1989). Trade Unions in an Open Economy: A General Equilibrium Analysis. Economic Record, 65(3), 234–239. doi:10.1111/j.1475-4932.1989.tb00932.x