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Cost uncertainty in an oligopoly with endogenous entry
De Pinto, Marco; Goerke, Laszlo - In: Bulletin of economic research 74 (2022) 4, pp. 927-948
Persistent link: https://www.econbiz.de/10013468160
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Cost uncertainty in an oligopoly with endogenous entry
De Pinto, Marco; Goerke, Laszlo - 2021
How does cost uncertainty affect the welfare consequences of an oligopoly? To answer this question, we investigate a … Cournot oligopoly in which firms produce a homogeneous commodity and market entry is feasible. Marginal costs are unknown ex …-up. Furthermore, the welfare loss due to oligopoly tends to increase with uncertainty. …
Persistent link: https://www.econbiz.de/10012620737
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Social comparisons in oligopsony
Goerke, Laszlo; Neugart, Michael - 2017
A large body of evidence suggests that social comparisons matter for workers' valuation of the wage they receive. The consequences of social comparisons in imperfectly competitive labor markets are less well understood. We analyze an oligopsonistic model of the labor market where workers derive...
Persistent link: https://www.econbiz.de/10011665750
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Social comparisons in oligopsony
Goerke, Laszlo; Neugart, Michael - 2017
A large body of evidence suggests that social comparisons matter for workers' valuation of the wage they receive. The consequences of social comparisons in imperfectly competitive labor markets are less well understood. We analyze an oligopsonistic model of the labor market where workers derive...
Persistent link: https://www.econbiz.de/10011670919
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Social comparisons in oligopsony
Goerke, Laszlo; Neugart, Michael - 2017
A large body of evidence suggests that social comparisons matter for workers' valuation of the wage they receive. The consequences of social comparisons in imperfectly competitive labor markets are less well understood. We analyze an oligopsonistic model of the labor market where workers derive...
Persistent link: https://www.econbiz.de/10011660671
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Unemployment insurance savings accounts and collective wage determination
Goerke, Laszlo (contributor) - 2007
Unemployment Insurance Savings Accounts (UISAs) entitle workers to unemployment benefits at the expense of future pension payments. Therefore, such accounts make unemployment less attractive, intensify job search, and raise employment. In the present paper the wage and employment consequences of...
Persistent link: https://www.econbiz.de/10003578895
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Commodity tax structure under uncertainty in a perfectly competitive market
Goerke, Laszlo - 2011
In a partial equilibrium setting without price uncertainty, the balanced-budget substitution of an ad valorem tax on output for a specific (unit) tax can enhance welfare in imperfectly competitive markets and is without impact in a competitive world. This paper demonstrates that a substitution...
Persistent link: https://www.econbiz.de/10009010185
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Failure of ad valorem and specific tax equivalence under uncertainty
Goerke, Laszlo; Herzberg, Frederik; Bayındır-Upmann, … - 2012
Applying a framework of perfect competition under uncertainty, we contribute to the discussion of whether or not ad valorem taxes and specific taxes are equivalent. While this equivalence holds without price uncertainty, we show that ad valorem taxes and specific taxes are "almost never"...
Persistent link: https://www.econbiz.de/10009630106
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Taxes in an open shop trade union model
Goerke, Laszlo - 1997
In a social custom model of union membership with wage bargaining, higher levels of company taxes lower wages while having uncertain employment effects. A higher marginal income tax rate increases employment. Changes solely in the level of income taxation, retaining marginal rates, have...
Persistent link: https://www.econbiz.de/10009675748
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Commodity Tax Structure Under Uncertainty in a Perfectly Competitive Market
Goerke, Laszlo - 2011
In a partial equilibrium setting without price uncertainty, the balanced-budget substitution of an ad valorem tax on output for a specific (unit) tax can enhance welfare in imperfectly competitive markets and is without impact in a competitive world. This paper demonstrates that a substitution...
Persistent link: https://www.econbiz.de/10013130099