Utilize este identificador para referenciar este registo:
https://hdl.handle.net/1822/6848
Título: | Rent-seeking in a unionised monopoly |
Autor(es): | Straume, Odd Rune |
Palavras-chave: | Contests Rent-seeking Trade unions |
Data: | Jul-2002 |
Editora: | Springer |
Revista: | Economics of Governance |
Citação: | "Economics of Governance". ISSN 1435-6104. 3:2 (Jul. 2002) 117-134. |
Resumo(s): | A unionised monopoly firm, benefitting from some kind of anti-competitive regulation, and its corresponding trade union have a common interest in spending resources to protect the monopoly rents created by the regulation. 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. With unequal sharing of monopoly rents, the free-riding incentives among the rent-defending players turn out to be overwhelming, in the sense that the unique Nash equilibrium is characterised by zero effort contribution by the player with the lower valuation of the contested prize. This implies that being "strong", in terms of bargaining strength, is not necessarily an advantage for neither player in a unionised monopoly that is threatened by deregulation. |
Tipo: | Artigo |
URI: | https://hdl.handle.net/1822/6848 |
ISSN: | 1435-6104 1435-8131 |
Versão da editora: | http://www.springerlink.com/content/104744/ |
Arbitragem científica: | yes |
Acesso: | Acesso aberto |
Aparece nas coleções: | NIPE - Artigos em Revistas de Circulação Internacional com Arbitragem Científica |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
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Straume_2002_EG.pdf | Documento principal | 104,57 kB | Adobe PDF | Ver/Abrir |