The purpose of this paper is to examine the interplay between public and private health care. We consider a situation where public and private health care are perfect substitutes, and the government sets the wage in the public sector and the subsidy to (or taxation on) the private sector. Each...

The article examines how the existence of a retailer owned brand, private label, effects the price setting of a national brand.

Unregulated monopolies produce too low quantity levels. When workers participate in decision making, there will be a tendency for the firm to select even lower employment levels than will be chosen by pure profit-maximising firms. On the other hand, the employed workers' incentives to work long...

In the present paper, a situation in which the unionised monopoly is challenged by a consumer organisation fighting for deregulation is analysed as a standard Tullock rent-seeking contest.