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Managerial Delegation and Merger Incentives with Asymmetric Costs

Straume, Odd Rune - In: Journal of Institutional and Theoretical Economics (JITE) 162 (2006) 3, pp. 450-469

takes place and the likelihood that the wrong type of merger, from the viewpoint of social welfare, is undertaken. This …

Persistent link: https://www.econbiz.de/10005823375

National versus International Mergers in Unionised Oligopoly

Lommerud, Kjell Erik; Sørgard, Lars; Straume, Odd Rune - C.E.P.R. Discussion Papers - 2003

welfare implications thereof. We find that an international merger results in lower wages for all firms. A national merger …

Persistent link: https://www.econbiz.de/10005667082

Globalization and Union Opposition to Technological Change

Lommerud, Kjell Erik; Meland, Frode; Straume, Odd Rune - C.E.P.R. Discussion Papers - 2005

We find that trade unions have a rational incentive to oppose the adoption of labour-saving technology when labour … union technology opposition. These conclusions are reached in a model of international duopoly with monopoly wage setting in … for technology opposition is stronger in the more technologically advanced country and in the country with the larger home …

Persistent link: https://www.econbiz.de/10005123737

Price and quality in spatial competition

Brekke, Kurt Richard; Siciliani, Luigi; Straume, Odd Rune - C.E.P.R. Discussion Papers - 2009

We study the relationship between competition and quality within a spatial competition framework where firms compete in prices and quality. We generalise existing literature on spatial price-quality competition along several dimensions, including utility functions that are non-linear in income...

Persistent link: https://www.econbiz.de/10005068287

Merger Profitability in Unionized Oligopoly

Lommerud, Kjell Erik; Sørgard, Lars; Straume, Odd Rune - C.E.P.R. Discussion Papers - 2001

We examine how a merger affects wages of unionized labour and, in turn, the profitability of a merger under Cournot competition in differentiated products. If unions are plant-specific, we find that a merger is more profitable than in a corresponding model with exogenous wages. In contrast to...

Persistent link: https://www.econbiz.de/10005497750

Competition and quality in regulated markets with sluggish demand

Brekke, Kurt Richard; Cellini, Roberto; Siciliani, Luigi; … - C.E.P.R. Discussion Papers - 2008

We investigate the effect of competition on quality in regulated markets (e.g., health care, higher education, public utilities), using a Hotelling framework, in the presence of sluggish demand. We take a differential game approach, and derive the open-loop solution (providers commit to an...

Persistent link: https://www.econbiz.de/10005498167

Competition and Quality in Regulated Markets: a Differential-Game Approach

Brekke, Kurt Richard; Cellini, Roberto; Siciliani, Luigi; … - C.E.P.R. Discussion Papers - 2008

We investigate the effect of competition on quality in regulated markets (e.g., health care, higher education, public utilities) taking a differential game approach, in which quality is a stock variable. Using a Hotelling framework, we derive the open-loop solution (providers commit to an...

Persistent link: https://www.econbiz.de/10005504502

Quality competition with profit constraints

Brekke, Kurt R.; Siciliani, Luigi; Straume, Odd Rune - In: Journal of Economic Behavior & Organization 84 (2012) 2, pp. 642-659

-best, while their quality might be too high or too low. If prices are regulated, profit constraints can improve welfare and be a …

Persistent link: https://www.econbiz.de/10010594623

Reference pricing, competition, and pharmaceutical expenditures: Theory and evidence from a natural experiment

Brekke, Kurt R.; Holmas, Tor Helge; Straume, Odd Rune - In: Journal of Public Economics 95 (2011) 7, pp. 624-638

We study the impact of regulation on competition between brand-names and generics and pharmaceutical expenditures using a unique policy experiment in Norway, where reference pricing (RP) replaced price cap regulation in 2003 for a sub-sample of off-patent products. First, we construct a vertical...

Persistent link: https://www.econbiz.de/10010574320

Quality competition with profit constraints: Do non-profit firms provide higher quality than for-profit firms?

Brekke, Kurt Richard; Siciliani, Luigi; Straume, Odd Rune - C.E.P.R. Discussion Papers - 2011

constraints may improve welfare and be a complement or substitute to a higher regulated price, depending on the degree of altruism. …

Persistent link: https://www.econbiz.de/10008865972