Zhao, Laixun - In: The World Economy 32 (2009) 7, pp. 1091-1114
<heading id="h1" level="1" implicit="yes" format="display">ABSTRACT</heading> This paper models the economic aspects of labour standards (LS) in an oligopolistic framework of three countries, incorporating labour-management negotiations in the North and monopsonic labour markets in Southern countries. Contrary to the literature, a higher LS not only incurs a...