entry and raises welfare. Furthermore, we show that collective bargaining loosens the linkage between business stealing and …

distortions occurring in oligopoly. Specifically, excessive entry is aggravated and the welfare loss due to market power rises. …

How does cost uncertainty affect the welfare consequences of an oligopoly? To answer this question, we investigate a …-up. Furthermore, the welfare loss due to oligopoly tends to increase with uncertainty. …

than compensate the welfare reducing impact of market power, irrespective of whether the number of firms is given … exogenously or determined endogenously by a profit constraint. We further show that welfare in a setting with adverse selection … may be higher than the maximized welfare level attainable in a world with perfect observability. …

entry and raises welfare. Furthermore, we show that collective bargaining loosens the linkage between business stealing and …

How does cost uncertainty affect the welfare consequences of an oligopoly? To answer this question, we investigate a …-up. Furthermore, the welfare loss due to oligopoly tends to increase with uncertainty. …

productivity distribution of active firms, wage inequality and welfare? In this paper, we build a model with costly, endogenous … an increase in these costs decreases (increases) average productivity and welfare decreases (increases). Additionally, we …

Trade unions are often argued to cause allocative inefficiencies and to lower welfare. We analyze whether this … welfare. We find that an increase in the union's bargaining power raises welfare if the (inverse) demand curve is …