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We develop an oligopoly model in which firms facing unionised domestic labour markets choose between producing an intermediate good in-house and outsourcing it to a non-unionised foreign supplier that makes a relationship-specific investment in developing the intermediate. The paper sheds light...
Persistent link: https://www.econbiz.de/10010577401
Public energy productivity investment influences the amount of future energy consumption. If a present government expects its successor to value the social costs of fuel usage dierently, this adds a trategic component to its investment considerations. We analyze this governmental...
Persistent link: https://www.econbiz.de/10010604110
We develop an oligopoly model in which firms facing unionised domestic labour markets choose between producing an intermediate good in-house and outsourcing it to a nonunionised foreign supplier that makes a relationship-specific investment in developing the intermediate. The paper sheds light...
Persistent link: https://www.econbiz.de/10010610378
Corporate governance is one of the most important issues to which has been paid attention by big companies due to the massive financial scandals of recent years. Corporate governance includes supervising the company management, separating the economic units from its ownership and protecting...
Persistent link: https://www.econbiz.de/10010903693
This paper analyses the international trade dynamics between two countries as a two-player, non-zero sum, cooperative game. The reason behind this type of approach is that we consider game theory as an important instrument for the analysis of international trade dynamics. The model that we...
Persistent link: https://www.econbiz.de/10010929195
The relationship between Russia and Romania is very interesting and by analyzing its economical, geopolitical, historical and cultural components one may understand why Russia has a strategic interest in Romania’s key industries like the energy and steel sectors. This paper aims to find some...
Persistent link: https://www.econbiz.de/10010934740
We address the question of competition within the location choices of firms. In a framework of agglomeration effects …, both spatial and temporal dimensions of the firms' decisions are studied. We show that the competition consequences of … tend to demonstrate that the relation between competition strength and spatial differentiation remains pertinent in a …
Persistent link: https://www.econbiz.de/10010958462
market (medium term investment), competition becomes fierce. Thus, the efficiency gains from forward trading found by Allaz … investment), competition becomes rather weak. When investment matters, from a welfare point of view the desirability of forward …
Persistent link: https://www.econbiz.de/10010981944
Public energy productivity investment influences the amount of future energy consumption. If a present government expects its successor to value the social costs of fuel usage differently, this adds a strategic component to its investment considerations. We analyze this governmental...
Persistent link: https://www.econbiz.de/10010984545
We critically consider the conventional belief that the attractiveness of international outsourcing lies in cheaper labour costs overseas and that it offers a means to ‘escape’ the power of unions. We develop an oligopoly model in which firms facing unionised domestic labour market choose...
Persistent link: https://www.econbiz.de/10008603047