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. We apply our model to endogenous merger formation in an international oligopoly, and show that the equilibrium market …
Persistent link: https://www.econbiz.de/10001678171
The interaction between labor unions and international competition has received a lot of attention. In the first decade of the 21st century, increasing number of companies in unionized oligopolistic industries has shifted production abroad. However, the issue of outsourcing in the context of a...
Persistent link: https://www.econbiz.de/10013116807
evaluation is also justified in a Cournot-oligopoly with free but costly entry. If input markets are competitive and output per … firm declines with the number of firms (business stealing), there is excessive entry into such oligopoly. If trade unions … raise wages above the competitive level, output and profits per firm decline, which could deter entry and thus improve …
Persistent link: https://www.econbiz.de/10012866378
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. We apply our model to endogenous merger formation in an international oligopoly, and show that the equilibrium market …
Persistent link: https://www.econbiz.de/10013320499
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In this paper we analyze the private and public incentives towards skill acquisition when the skill level of workers determines the quality level of goods, and both labor and product markets are non competitive. We delve into the mechanisms that determine the equilibrium skill acquisition...
Persistent link: https://www.econbiz.de/10011730938