Product market competition with differentiated goods and social welfare in the presence of an industry-wide union

Detalhes bibliográficos
Autor(a) principal: Buccella, Domenico
Data de Publicação: 2014
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/15717
Resumo: Mainstream locus communis indicates that a more competitive product market leads to higher social welfare levels. Using a Conjectural Variation (CV) model, this research note analyzes the effects on welfare of different degrees of product market competition in a duopoly with differentiated goods. Bargaining between the firms and the industry-wide union occurs under the Efficient Bargaining (EB) model. The work indicates that, with close substitute goods, social welfare is maximized for the inter- mediate levels of market competition, whereas more independent goods lead to the standard result of a high welfare level under competitive markets.
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spelling Product market competition with differentiated goods and social welfare in the presence of an industry-wide unionBargainingConjectural variationUnionized oligopolySocial welfareMainstream locus communis indicates that a more competitive product market leads to higher social welfare levels. Using a Conjectural Variation (CV) model, this research note analyzes the effects on welfare of different degrees of product market competition in a duopoly with differentiated goods. Bargaining between the firms and the industry-wide union occurs under the Efficient Bargaining (EB) model. The work indicates that, with close substitute goods, social welfare is maximized for the inter- mediate levels of market competition, whereas more independent goods lead to the standard result of a high welfare level under competitive markets.Springer VerlagRepositório da Universidade de LisboaBuccella, Domenico2018-06-25T13:14:08Z2014-082014-08-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/15717engBuccella, Domenico (2014). "Product market competition with differentiated goods and social welfare in the presence of an industry-wide union". Portuguese Economic Journal, 13(2):131-1401617-982X (print)10.1007/s10258-014-0102-xmetadata only accessinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-05-21T01:30:34Zoai:www.repository.utl.pt:10400.5/15717Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:01:19.178078Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Product market competition with differentiated goods and social welfare in the presence of an industry-wide union
title Product market competition with differentiated goods and social welfare in the presence of an industry-wide union
spellingShingle Product market competition with differentiated goods and social welfare in the presence of an industry-wide union
Buccella, Domenico
Bargaining
Conjectural variation
Unionized oligopoly
Social welfare
title_short Product market competition with differentiated goods and social welfare in the presence of an industry-wide union
title_full Product market competition with differentiated goods and social welfare in the presence of an industry-wide union
title_fullStr Product market competition with differentiated goods and social welfare in the presence of an industry-wide union
title_full_unstemmed Product market competition with differentiated goods and social welfare in the presence of an industry-wide union
title_sort Product market competition with differentiated goods and social welfare in the presence of an industry-wide union
author Buccella, Domenico
author_facet Buccella, Domenico
author_role author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Buccella, Domenico
dc.subject.por.fl_str_mv Bargaining
Conjectural variation
Unionized oligopoly
Social welfare
topic Bargaining
Conjectural variation
Unionized oligopoly
Social welfare
description Mainstream locus communis indicates that a more competitive product market leads to higher social welfare levels. Using a Conjectural Variation (CV) model, this research note analyzes the effects on welfare of different degrees of product market competition in a duopoly with differentiated goods. Bargaining between the firms and the industry-wide union occurs under the Efficient Bargaining (EB) model. The work indicates that, with close substitute goods, social welfare is maximized for the inter- mediate levels of market competition, whereas more independent goods lead to the standard result of a high welfare level under competitive markets.
publishDate 2014
dc.date.none.fl_str_mv 2014-08
2014-08-01T00:00:00Z
2018-06-25T13:14:08Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
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status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/15717
url http://hdl.handle.net/10400.5/15717
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Buccella, Domenico (2014). "Product market competition with differentiated goods and social welfare in the presence of an industry-wide union". Portuguese Economic Journal, 13(2):131-140
1617-982X (print)
10.1007/s10258-014-0102-x
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dc.publisher.none.fl_str_mv Springer Verlag
publisher.none.fl_str_mv Springer Verlag
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