Autore:
Buccella, Domenico Titolo:
Unionized duopoly, market competition with differentiated products, and welfarePeriodico:
Economia e politica industrialeAnno:
2015 - Volume:
42 - Fascicolo:
4 - Pagina iniziale:
455 - Pagina finale:
473Conventional wisdom associates high social welfare levels with more competitive product markets. Adopting a conjectural variation model in a unionized duopoly with differentiated products and right-to-manage bargaining, the present work finds that the impact of market competition on social welfare crucially depends on the degree of differentiation and the union's disagreement utility.
SICI: 0391-2078(2015)42:4<455:UDMCWD>2.0.ZU;2-A
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