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This paper sets up a microeconomic theory of labor unions. It discusses their formation and goals, their hierarchical structure, and the nature of rent distribution. The theory provides predictions for the probability that an industry or occupation will be unionized, the proportion of that...
Persistent link: https://www.econbiz.de/10012478449
We present estimates of 4 and 8 firm concentration ratios by industry and in weighted aggregate form for the manufacturing sector for Chinese enterprises for 2002 and 2007. These are then compared to available estimates for the same years and industrial classification for the US. These...
Persistent link: https://www.econbiz.de/10012458765
trends, markup trends, and the effects of mergers does not actually show a widespread decline in competition. Nor does it … observed changes in many industries are likely to reflect competition in action. We highlight research that points to targeted … interventions that can enable antitrust enforcement policy to better promote and protect competition. Throughout the paper, we …
Persistent link: https://www.econbiz.de/10014635724
Many states in Latin America, Africa and Asia lack the monopoly of violence, identified by Max Weber as the foundation … establishment of the monopoly of violence and the formation of the state. We build a model to explain the incentive of central …
Persistent link: https://www.econbiz.de/10012463071
more than the standard price theoretic "monopoly" model of unionism. New (and/or old) perspectives based on institutional …
Persistent link: https://www.econbiz.de/10012478274
This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition …
Persistent link: https://www.econbiz.de/10012465789
This survey examines recent developments in economic research relating to antitrust, paying specific attention to research in the areas of collusion and merger enforcement. Research relating to both collusion and mergers has made significant advances in the last twenty years. With respect to...
Persistent link: https://www.econbiz.de/10012616623
We study the importance of discretion in antitrust enforcement by analyzing the response of asset prices to the sudden accession of Theodore Roosevelt to the presidency. During McKinley's term in office the largest wave of merger activity in American history occurred, and his administration did...
Persistent link: https://www.econbiz.de/10012480888
So long as the entry and exit of firms using the generic technology sets the price in an industry, one or more price-taking firms can coexist with proprietary technologies yielding more or less substantial quasi-rents to the sunk development costs. Consumer welfare is increased if an innovator...
Persistent link: https://www.econbiz.de/10012466574
absolute margin. We derive these results in both a monopoly model and a variety of different competitive models. We conclude …
Persistent link: https://www.econbiz.de/10012468099