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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: 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

Can competition reduce quality?

Brekke, Kurt Richard; Siciliani, Luigi; Straume, Odd Rune - C.E.P.R. Discussion Papers - 2014

sequential. We also show that competition may improve social welfare despite the adverse effect on quality. Our proposed …

Persistent link: https://www.econbiz.de/10011083218

Hospital competition with soft budgets

Brekke, Kurt Richard; Siciliani, Luigi; Straume, Odd Rune - C.E.P.R. Discussion Papers - 2013

regulated price is optimally set. However, for suboptimal prices a more lenient bailout policy can be welfare improving. When we …

Persistent link: https://www.econbiz.de/10011083526

Horizontal Mergers and Product Quality

Brekke, Kurt Richard; Siciliani, Luigi; Straume, Odd Rune - C.E.P.R. Discussion Papers - 2014

on quality, price and welfare. The merging firms always reduce quality. They also increase prices if demand … and prices. Overall, a merger leads to higher average prices and quality in the market. The welfare implications of a … merger and social welfare might also increase. …

Persistent link: https://www.econbiz.de/10011083668