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system of collective bargaining between a single industry union and the industry's employers association. Our cartel analysis … establishment of a fully tariff-enabled union. Such an endeavor must go hand in hand with the institutionalization of a competition …
Persistent link: https://www.econbiz.de/10003411719
Boone (2008a) proposes a new competition measure based on Relative Profit Differences (RPD) with superior theoretical properties. However, the empirical applicability and robust-ness of the Boone-Indicator is still unknown. This paper aims to address that question. Using a rich, newly built,...
Persistent link: https://www.econbiz.de/10009129974
In the absence of closed-shops and discriminatory wage policies, union membership can be explained by the existence of … Great Britain, we find evidence for social custom effects in the determination of trade union membership in both countries … which restrict free-riding on union services. The impact of social custom effects tends to be independent of union density …
Persistent link: https://www.econbiz.de/10009668119
Persistent link: https://www.econbiz.de/10001971163
The German unemployment rate shows strong signs if non-stationarity over the course of the previous decades. This is in line with an insider-outsider model under full hysteresis. We applied a "theory-guided view" to the data using the structural VAR model as developed by Balmaseda, Dolado and...
Persistent link: https://www.econbiz.de/10011437007
A manufacturer contracting secretly with several downstream competitors faces an opportunism problem, preventing it from exerting its market power. In an infinitely repeated game, the opportunism problem can be relaxed. We show that the upstream firm's market power can be restored even further...
Persistent link: https://www.econbiz.de/10010467434
The rise of dominant firms in data driven industries is often credited to their alleged data advantage. Empirical evidence lending support to this conjecture is surprisingly scarce. In this paper we document that data as an input into machine learning tasks display features that support the...
Persistent link: https://www.econbiz.de/10012270849
Persistent link: https://www.econbiz.de/10002128044
This paper sheds new light on the role of communication for cartel formation. Using machine learning to evaluate free-form chat communication among firms in a laboratory experiment, we identify typical communication patterns for both explicit cartel formation and indirect attempts to collude...
Persistent link: https://www.econbiz.de/10013164725
The fixing of the Libor and Euribor benchmark rates has proven vulnerable to manipulation. Individual rate-setters may have incentives to fraudulently distort their submissions. For the contributing banks to collectively agree on the direction in which to rig the rate, however, their interests...
Persistent link: https://www.econbiz.de/10011780773