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Welfare-enhancing trade unions in an oligopoly with excessive entry
De Pinto, Marco; Goerke, Laszlo - 2019
firm declines with the number of firms (business stealing), there is excessive entry into such oligopoly. If trade unions …Trade unions are often argued to cause allocative inefficiencies and to lower welfare. We analyze whether this … evaluation is also justified in a Cournot-oligopoly with free but costly entry. If input markets are competitive and output per …
Persistent link: https://www.econbiz.de/10012024580
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Welfare-enhancing trade unions in an oligopoly with excessive entry
De Pinto, Marco; Goerke, Laszlo - 2016
), there will be excessive entry into a Cournot oligopoly for a homogeneous commodity. However, input markets are often …
Persistent link: https://www.econbiz.de/10011458468
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Welfare-Enhancing Trade Unions in an Oligopoly with Excessive Entry
de Pinto, Marco - 2019
firm declines with the number of firms (business stealing), there is excessive entry into such oligopoly. If trade unions …Trade unions are often argued to cause allocative inefficiencies and to lower welfare. We analyze whether this … evaluation is also justified in a Cournot-oligopoly with free but costly entry. If input markets are competitive and output per …
Persistent link: https://www.econbiz.de/10012866378
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A model of vertical oligopolistic competition
Reisinger, Markus; Schnitzer, Monika - 2008
This paper develops a model of successive oligopolies with endogenous market entry, allowing for varying degrees of product differentiation and entry costs in both markets. Our analysis shows that the downstream conditions dominate the overall profitability of the two-tier structure while the...
Persistent link: https://www.econbiz.de/10003951516
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A model of vertical oligopolistic competition
Reisinger, Markus; Schnitzer, Monika - 2008
This paper develops a model of successive oligopolies with endogenous market entry, allowing for varying degrees of product differentiation and entry costs in both markets. Our analysis shows that the downstream conditions dominate the overall profitability of the two-tier structure while the...
Persistent link: https://www.econbiz.de/10010365845
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A Model of Vertical Oligopolistic Competition
Reisinger, Markus; Schnitzer, Monika - 2008
This paper develops a model of successive oligopolies with endogenous market entry, allowing for varying degrees of product differentiation and entry costs in both markets. Our analysis shows that the downstream conditions dominate the overall profitability of the two-tier structure while the...
Persistent link: https://www.econbiz.de/10014218980
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Penalizing cartels : the case for basing penalties on price overcharge
Katsulakos, Giannēs S.; Motchenkova, Evgenia; Ulph, David - 2014
In this paper we set out the welfare economics based case for imposing cartel penalties on the cartel overcharge rather than on the more conventional bases of revenue or profits (illegal gains). To do this we undertake a systematic comparison of a penalty based on the cartel overcharge with...
Persistent link: https://www.econbiz.de/10010408455
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Welfare improving cartel formation in a union-oligopoly static framework
Vlassis, Minas; Varvataki, Maria - In: Annals of economics and statistics 136 (2019), pp. 79-102
Persistent link: https://www.econbiz.de/10012306102
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Unionized Oligopoly, Trade Liberalization and Location Choice
Lommerud, Kjell Erik; Meland, Frode; Sorgard, Lars - 2021
In a two-country reciprocal dumping model, with one country unionized, we analyze how wage setting and firm location are influenced by trade liberalization. We show that trade liberalization can induce FDI, which is at odds with conventional theoretical wisdom and cannot happen in a...
Persistent link: https://www.econbiz.de/10013320358
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The impact of trade on employment, welfare, and income distribution in unionized general oligopolistic equilibrium
Egger, Hartmut; Etzel, Daniel - 2010
This paper sets up a general oligopolistic equilibrium model with unionized labor markets. By accounting for productivity differences, the model features profit and wage differentials across industries. We use this setting to study the impact of trade liberalization on employment, welfare, and...
Persistent link: https://www.econbiz.de/10003935376