We investigate the welfare effect of union activity in a relatively new oligopoly model, the Cournot-Bertrand model, where one firm competes in output (a la Cournot) and the other firm competes in price (a la Bertrand). The Nash equilibrium prices, outputs, and profits are quite diverse in this...

Contents: Part I -- Introduction -- 1. Behavioral industrial organization: a synthesis of behavioral economics and industrial organization / Elizabeth Schroeder, Carol Horton Tremblay, and Victor J. Tremblay -- Part II -- Behavioral issues and industrial organization -- 2. Relative thinking and...

We evaluate the impact of the Gambian hardship allowance, which provides a salary premium of 30–40% to primary school teachers in remote locations, on the distribution and characteristics of teachers across schools. A geographic discontinuity in the policy's implementation and the presence of...