CAN LABOR STANDARDS IMPROVE UNDER GLOBALIZATION?
DORIN DOBRISANABSTRACT. Given that developed countries dominate the international economic system and generally have high labor standards, we can expect that their higher standards provide the role model to which countries with lower standards are moving toward. Chun and Kim examine strategic competition behavior in heterogeneous market structure where both conventional offline and online firms coexist in equilibrium and draws strategic implications with some remarks on welfare.