Narrow search
Showing 1 - 10 of 1,626
Cover Image
Efficiency Wages in Cournot-Oligopoly
de Pinto, Marco - 2019
In a Cournot-oligopoly with free but costly entry and business stealing, output per firm is too low and the number of … distortions occurring in oligopoly. Specifically, excessive entry is aggravated and the welfare loss due to market power rises …
Persistent link: https://www.econbiz.de/10012868832
Cover Image
When the Baby Cries at Night : Inelastic Buyers in Non-Competitive Markets
Calzolari, Giacomo - 2014
We investigate empirically how sellers react to changes in the population of their consumers, identifying the effects of demand composition and demand size with limited information on costs. We show how pharmacists in Italy selectively increase the price of some products when they observe in...
Persistent link: https://www.econbiz.de/10013046241
Cover Image
Information and Learning in Oligopoly : An Experiment
Bigoni, Maria - 2013
choices with data on the information acquisition process they follow. Subjects play a repeated Cournot oligopoly, with limited …
Persistent link: https://www.econbiz.de/10013088340
Cover Image
National Champion versus Foreign Takeover
Suedekum, Jens - 2021
We analyze an oligopolistic market where a domestic and a foreign firm are engaged in a takeover battle for a domestic competitor. Any merger or acquisition (M&A) must be approved by a welfare maximizing domestic competition agency which may or may not be prone to "economic patriotism". A...
Persistent link: https://www.econbiz.de/10013316871
Cover Image
Holdup in Oligopsonistic Labour Markets : A New Role for the Minimum Wage
Kaas, Leo; Madden, Paul - 2021
We consider a labour market model of oligopsonistic wage competition and show that there is a holdup problem although workers do not have any bargaining power. When a firm invests more, it pays a higher wage in order to attract workers from competitors. Because workers participate in the returns...
Persistent link: https://www.econbiz.de/10013317644
Cover Image
Cross-Border Mergers and National Champions in an Integrating Economy
Suedekum, Jens - 2006
and the social desirability of national vs. international mergers in relation to three different issues, (i) the level of … mergers. Cross-border Mamp;A is privately and socially more attractive than domestic mergers. National competition policy may … national mergers can be in the interest of individual countries if rent extraction possibilities are strong enough, but global …
Persistent link: https://www.econbiz.de/10012779641
Cover Image
Monopsony, Efficiency, and the Regularization of Undocumented Immigrants
Borjas, George J.; Edo, Anthony - 2023
In May 1981, President François Mitterrand regularized the status of undocumented immigrant workers in France. The newly legalized immigrants represented 12 percent of the non-French workforce and about 1 percent of all workers. Employers have monopsony power over undocumented workers because...
Persistent link: https://www.econbiz.de/10014346769
Cover Image
Inequality and Market Concentration, When Shareholding is More Skewed than Consumption
Gans, Joshua S. - 2019
Economic theory suggests that monopoly prices hurt consumers but benefit shareholders. But in a world where individuals …
Persistent link: https://www.econbiz.de/10012894540
Cover Image
Effects of Credit Supply on Unemployment and Inequality
Bandyopadhyay, Subhayu - 2016
The Great Recession, which was preceded by the financial crisis, resulted in higher unemployment and inequality. We propose a simple model where firms producing varieties face labor-market frictions and credit constraints. In the model, tighter credit leads to lower output, lower number of...
Persistent link: https://www.econbiz.de/10012987688
Cover Image
Does Equal Pay Legislation Reduce Labour Market Inequality?
Kaas, Leo - 2006
This paper considers a labour market model of monopsonistic competition with taste-based discrimination against minority workers to study the effect of equal pay legislation on labour market inequality. When the taste for discrimination is small or competition is weak, the policy removes job...
Persistent link: https://www.econbiz.de/10012779054