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Trade unions distort a profit-maximising firm's input choice. The nature of the resulting inefficiency depends on … whether there is wage or efficient bargaining. Moreover, trade unions redistribute income and thereby affect welfare. If firms …. Importantly from a normative vantage point, such CSR objectives make a welfare-enhancing role of trade unions more likely in the …
Persistent link: https://www.econbiz.de/10012436160
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behavior, at least one of these actors is always missing. By contrast, the present paper's oligopoly model includes all three …
Persistent link: https://www.econbiz.de/10012425162
We study road supply by competing firms between a single origin and destination. In previous studies, firms simultaneously set their tolls and capacities while taking the actions of the others as given in a Nash fashion. Then, under some widely used technical assumptions, firms set the same...
Persistent link: https://www.econbiz.de/10011536414
We analyze oligopolistic third-degree price discrimination relative to uniform pricing when markets are always covered. Pricing equilibria are critically determined by supply-side features such as the number of firms and their marginal cost differences. It follows that each firm's Lerner index...
Persistent link: https://www.econbiz.de/10013326514
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-skill occupations worsens the bargaining position of unions, which crucially depends on the occupational structure inside a firm. This …
Persistent link: https://www.econbiz.de/10012286315
We develop a monopolistic-competition model of closed two-sector one-factor economy, where agents are (continuously) heterogeneous in their entrepreneurship abilities and choose between being employees or entrepreneurs. The sufficient conditions in terms of variable elasticity of substitution...
Persistent link: https://www.econbiz.de/10011508379
full characterization of the impact of horizontal innovation on prices, markups, and wages. Our model allows us to make a …
Persistent link: https://www.econbiz.de/10011476403
The optimal market structure in the mobile industry is an important topic in the mobile industry. In this paper, we use two theoretical frameworks and a structural estimation approach to assess the effects of market structure on consumer surplus in symmetric mobile markets. When mobile services...
Persistent link: https://www.econbiz.de/10011603514