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States that labour unions are widely respected institutions in modern society. Argues that this reputation in unearned insofar as these organizations are the only ones, besides that Government, which have not only a de facto warrant to initiate violence against innocent people (e.g. scabs) but a...
Persistent link: https://www.econbiz.de/10014692460
Discusses Bagwell and Ramey’s theory that advertising can promote sales even if mostly informative. Posits there must be method in what would perhaps seem to be the madness of customers railing against firms’ lack of communication. Highlights the various slogans employed via jingles, etc....
Persistent link: https://www.econbiz.de/10014692480
Disputes Bagwell’s (1991) proposition that export subsidies are welfare enhancing under certain conditions, claiming that it can be generalized do domestic and non‐monopolistic situations and, established products, and that it should take into account externalities, economic welfare, the...
Persistent link: https://www.econbiz.de/10014692751