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This paper sets up a general oligopolistic equilibrium trade model for two integrated countries that are similar in all respects except of the prevailing labor market institutions. In one country, the labor market is perfectly competitive, while in the other country labor unions are active in a...
Persistent link: https://www.econbiz.de/10013119394
This paper analyzes persuasive advertising and pricing in oligopoly if firms sell differentiated products and consumers …
Persistent link: https://www.econbiz.de/10013124388
This paper presents a new model of oligopoly in general equilibrium and explores its implications for positive and …
Persistent link: https://www.econbiz.de/10013000218
We build a model of tacit collusion between firms that operate in multiple markets to study the effects of trade costs. A key feature of the model is that cartel discipline is endogenous. Thus, markets that appear segmented are strategically linked via the incentive compatibility constraint....
Persistent link: https://www.econbiz.de/10012926563
If an additional competitor reduces output per firm in a homogenous Cournot-oligopoly, market entry will be excessive …
Persistent link: https://www.econbiz.de/10012964693
We develop a macroeconomic framework in which firms are large and have market power with respect to both products and labor. Each firm maximizes a share-weighted average of shareholder utilities, which makes the equilibrium independent of price normalization. In a one-sector economy, if returns...
Persistent link: https://www.econbiz.de/10012908792
oligopoly. We find that in the short run, i.e. when the number of firms in both markets is exogenous, the results concerning tax … exit over-shifting of both taxes is more likely to occur and is more pronounced under upstream oligopoly. As a result of …
Persistent link: https://www.econbiz.de/10012764392
advanced abatement technology in a Cournot oligopoly. We examine multistage games where the government may intervene in order …
Persistent link: https://www.econbiz.de/10012979600
In a non-renewable resource market with imperfect competition, both the resource rent and current prices influence a large resource owner's optimal supply. New information regarding future market conditions that affect the resource rent will consequently impact current supply. Bleaker demand...
Persistent link: https://www.econbiz.de/10013059498
We study optimal pollution abatement under a mixed oligopoly game when firms engage in emissions-reducing R&D that is … imperfectly appropriable. The regulator uses a tax to curb emissions. Results show that in a mixed oligopoly, the public firm has …
Persistent link: https://www.econbiz.de/10012921210