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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/10015215284
welfare under a unionized privatized oligopoly is greater than under a unionized mixed oligopoly while the government has an …
Persistent link: https://www.econbiz.de/10015215409
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 the public firm is able to choose a type of contract irrespective of whether...
Persistent link: https://www.econbiz.de/10015217016
This study investigates social welfare and privatization depending on the government's preference for tax revenues and the timing of wage setting in either a unionized-mixed or a unionized-privatized duopolistic market. We show that bargaining over wages is always sequential regardless of who...
Persistent link: https://www.econbiz.de/10015218135
This paper investigates Bertrand competition of unionized mixed duopoly when the public firm is less efficient than the private firm, including endogenous imposition of the budget constraint on the public firm. Thus, we show that if the public firm's inefficiency is sufficiently small, no...
Persistent link: https://www.econbiz.de/10015219978
firm-specific unions on stability, when the degree of unionism is asymmetric between the two firms, is at all different … depending on whether the unionised firm has bounded rational or naive expectations. Indeed, a shift in the union’s preference …
Persistent link: https://www.econbiz.de/10015228703
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 the market dynamics, we show that when the preference of unions towards … preference of unions towards wages becomes higher, an increase in the union’s bargaining power acts: (1) as an economic …
Persistent link: https://www.econbiz.de/10015229107
By introducing the government's preference for tax revenues into unionized mixed duopolies, this paper investigates how the preference can change the government's choice of tax regimes between ad valorem and specific taxes. Main results are as follows. Given that one of the tax regimes is...
Persistent link: https://www.econbiz.de/10015234781
under different market competition degrees. Downstream firms earn highest profits with semi-collusion whose level depends on …
Persistent link: https://www.econbiz.de/10015263099
In this paper we study the conjecture that oligopoly or imperfect competition causes more inflation than perfect …
Persistent link: https://www.econbiz.de/10015219065