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We investigate the welfare effect of union activity in a relatively new oligopoly model, the Cournot-Bertrand model …
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), there will be excessive entry into a Cournot oligopoly for a homogeneous commodity. However, input markets are often …
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within an industry. In a unionised oligopoly model we show that for only small differences in productivity levels. a sector …
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This paper shows that any attempt to deviate from the basic bargaining line is doomed to fail. The Cournot attempt results in undistributed pie, while the Rubinstein-Binmore one in insufficient distribution. Discount rate may be important to bargaining, but game theorists have not been...
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