Guo, Wen-Chung; Lai, Fu-Chuan - In: The Annals of Regional Science 52 (2014) 1, pp. 103-119
This paper generalizes Hwang and Mai’s (Am Econ Rev 80:567–575, <CitationRef CitationID="CR10">1990</CitationRef>) model to include labor markets and shows that their results are still valid when the difference of inverse demand slopes is large enough, while, when this difference is small, a monopoly firm always chooses the same...</citationref>