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overall welfare enhancing compared to market outcomes under coordinated policy making. …
Persistent link: https://www.econbiz.de/10010306974
In a model of spatial competition, we analyse the equilibrium outcomes in markets where the product price is exogenous. Using an extended version of the Hotelling model, we assume that firms choose their locations and the quality of the product they supply. We derive the optimal price set by a...
Persistent link: https://www.econbiz.de/10010306985
We find that trade unions have a rational incentive to oppose the adaption of labour-saving technology when labour … union technology opposition. These conclusions are reached in a model of international duopoly with monopoly wage setting in … for technology opposition is stronger in the more technologically advanced country and in the country with the larger home …
Persistent link: https://www.econbiz.de/10010307045
We examine how a downstream merger affects input prices and, in turn, the profitability of such a merger under Cournot competition with differentiated products. Input suppliers can be interpreted as ordinary upstream firms, or trade unions organising workers. If the input suppliers are...
Persistent link: https://www.econbiz.de/10010307511