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We analyse the stability issue in a Cournot duopoly with asymmetric unionism and heterogeneous players. We show that labour market institutions matter or the stability of the unique interior Cournot-Nash equilibrium. Interestingly, the role played by the existence of firm-specific unions on...
Persistent link: https://www.econbiz.de/10009321776
We analyse the stability issue in a Cournot duopoly with heterogeneous players. We show that labour market institutions matter for the stability of the unique interior Cournot-Nash equilibrium. Interestingly, the role played by the existence of firm-specific unions on stability, when the degree...
Persistent link: https://www.econbiz.de/10009323469
The present study considers a unionised duopoly with the two most popular labour market institutions, i.e. efficient bargaining (EB) and right to manage (RTM) unions and analyses product market stability under quantity competition. By focusing on the role played by labour market institutions on...
Persistent link: https://www.econbiz.de/10009360279
(Originally published in the Journal of Economic Behaviour and Organization 2007, 62(4), 657-669) - We examine the effects of and the incentives for increasing input efficiency within a spatially segregated Cournot duopoly with monopoly trade unions whose utility functions depend on both wages...
Persistent link: https://www.econbiz.de/10010553174
The present study considers a unionised (nonlinear) duopoly with two different labour market institutions, i.e. efficient bargaining (EB) and right to manage (RTM), to analyse product market stability under quantity competition with trade unions. We show that when the preference of unions...
Persistent link: https://www.econbiz.de/10010608250
Multiemployer collective bargaining relationships between unions and employer associations easily devolve into legalized cartels. Once unions establish themselves as the bargaining representative for employers’ employees, the employers have much to gain from banding together as an association,...
Persistent link: https://www.econbiz.de/10014200477
Critics of privatization argue that privatization encourages providers to lobby for industry expansion. I argue that this is not generally true when public-sector actors also lobby. Where the effectiveness of advocacy depends on total expenditures, some initial amount of privatization always...
Persistent link: https://www.econbiz.de/10014052239
We investigate a differentiated mixed duopoly in which private and public firms can choose to strategically set prices or quantities by facing a union bargaining process. For the case of a unionized mixed duopoly, only public firm is able to choose a type of contract based on the degree of...
Persistent link: https://www.econbiz.de/10005789653
Unionized Oligoplies are market structures with incomplete upstream labour markets interacting with incomplete downstream product markets. In this survey I give and overview of the recent development any main findings of this strand of literature
Persistent link: https://www.econbiz.de/10013142829
In contrast with previous studies, we postulate that there is no ex-ante commitment over the type of contract (i.e., price or quantity) which a firm offers consumers. In the context of a unionized symmetric duopoly we instead argue that the mode of competition which in equilibrium emerges is the...
Persistent link: https://www.econbiz.de/10005040062