Showing 1 - 10 of 1,323
In a framework of a unionised international Bertrand duopoly with differentiated products, this paper analyses national labour market interdependencies and the consequences of trade liberalisation for union wages. The analysis suggests that national wages are likely to be strategic complements...
Persistent link: https://www.econbiz.de/10011540620
Abstract Motivated by the widespread presence both of decentralised unions and cross-participation at ownership level …-averse) decentralised monopoly unions. We show that such a common wisdom, while it holds when either unions or crossownership separately … unions and crossownership are in existence: this is because the interaction between the reduced employment due to cross …
Persistent link: https://www.econbiz.de/10010932991
implication is that, when wage-interested unions are in existence in oligopoly industries, a rise in cross-participation – i.e., a …-specific monopolistic unions. Since the cross-participation at ownership level implies a lower degree of competition, then in a duopoly … without unions, as expected, consumer surplus and social welfare, despite the increase in the industry profits, reduces when …
Persistent link: https://www.econbiz.de/10010933019
Motivated by the widespread presence both of decentralised unions and cross-participation at ownership level (for … extended with both equity participation of one firm in another firm and decentralised monopoly unions. We show that such a … common wisdom, while it holds when either unions or cross-ownership separately exist, is reversed for a fairly low degree of …
Persistent link: https://www.econbiz.de/10010682531
-researched field in the experimental oligopoly literature. We provide results from an experiment that varies the number of firms as …
Persistent link: https://www.econbiz.de/10011411148
This study provides a comprehensive picture of experimental Kreps-Scheinkman markets with capacity choice in the first stage and subsequent price competition at the second. We conduct seven different treatments of such markets, varying the number of firms, the demand rationing scheme, the...
Persistent link: https://www.econbiz.de/10011411149
This study is the first to investigate the effect of demand rationing in experimental Bertrand-Edgeworth markets with fixed exogenous capacities. It is found that prices and profits are significantly higher under proportional than under efficient demand rationing. Moreover, the amount of...
Persistent link: https://www.econbiz.de/10011411150
Within a simple model of homogeneous oligopoly, we show that the traditional ranking between Bertrand and Cournot …
Persistent link: https://www.econbiz.de/10011715895
We investigate the possibility of using public firms to regulate polluting emissions in a Cournot oligopoly where …
Persistent link: https://www.econbiz.de/10011737230
We develop a stylized model of horizontal and vertical competition in tournaments with two competing firms. The sponsor cares about the quality of the design but also about the design location. A priori not even the sponsor knows his preferred design location, which is only discovered once he...
Persistent link: https://www.econbiz.de/10014116684