This paper re-considers the comparison of Bertrand and Cournot equilibria in a differentiatedduopoly with linear demand and cost functions. It focuses on the case of substitutegoods, and allows for cost asymmetries between firms. The main finding is that, when thedegree of cost asymmetry is...

This paper considers the extent to which expenditure by contestants inimperfectly discriminating rent-seeking contests dissipates all or only partof the rent. In particular, we investigate strategic effects, technologicaleffects and asymmetry under an assumption of diminishing returns to...

Instituting an initial round of centralized wage setting before an ultimate round ofdecentralized wage bargaining may raise actually raise employment. A general multiequilibriummodel is presented with strategic complementarities in theimplementation of a new technology through aggregate demand...