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Mainstream monopoly theory and as related to anti-trust measures evaluates the concentration of an industry to … determine if a firm has monopoly power within an industry (Cabral 2000 [2017]). If a firm is dominant within an industry, then … measures the firm has a monopoly in venues and ticketing for live events. However, these results are arbitrary in that the …
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This paper brings together the modern research on employer power and employee power by empirically examining the effects of unionization on worker earnings, employment, and inequality across differently concentrated markets. Exploiting national tax reforms to union membership dues as exogenous...
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A manufacturer contracting secretly with several downstream competitors faces an opportunism problem, preventing it from exerting its market power. In an infinitely repeated game, the opportunism problem can be relaxed. We show that the upstream firm's market power can be restored even further...
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