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Profit-sharing, Bertrand competition and monopoly unions: a note
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Dhillon, Amrita and Petrakis, Emmanuel (2001) Profit-sharing, Bertrand competition and monopoly unions: a note. Working Paper. Coventry: University of Warwick, Department of Economics. Warwick economic research papers (No.612).
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Official URL: http://www2.warwick.ac.uk/fac/soc/economics/resear...
Abstract
This paper studies a strategic aspect of profit-sharing in an oligopolistic industry with a monopoly union. Whenever a uniform profit share exists in the industry, we show that a union that values the per worker remuneration positively, may have incentives to reduce industry employment, decreasing thus total output and causing total profits to increase. Thus, we show that profit-sharing may lead to higher profits for such an industry even if productivity effects are absent.
Item Type: | Working or Discussion Paper (Working Paper) | ||||
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Subjects: | H Social Sciences > HD Industries. Land use. Labor | ||||
Divisions: | Faculty of Social Sciences > Economics | ||||
Library of Congress Subject Headings (LCSH): | Bertrand, Joseph, 1822-1900, Profit-sharing, Competition, Collective bargaining, Labor unions | ||||
Series Name: | Warwick economic research papers | ||||
Publisher: | University of Warwick, Department of Economics | ||||
Place of Publication: | Coventry | ||||
Official Date: | 27 October 2001 | ||||
Dates: |
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Number: | No.612 | ||||
Number of Pages: | 14 | ||||
Institution: | University of Warwick | ||||
Status: | Not Peer Reviewed | ||||
Access rights to Published version: | Open Access (Creative Commons) |
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