All Outputs (13)

Price and Quantity Competition under Vertical Pricing (2023)
Journal Article

We consider a vertically related market where one quantity setting and another price setting downstream firm negotiate the terms of a two-part tariff contract with an upstream input supplier. In contrast to the traditional belief, we show that the pr... Read More about Price and Quantity Competition under Vertical Pricing.

Social Efficiency of Market Entry Under Tax Policy (2022)
Journal Article

We provide a new rationale for socially insufficient market entry. We show that if the shadow cost of public funds is sufficiently high, the number of firms under free entry can be socially insufficient if the tax policies are "time inconsistent", so... Read More about Social Efficiency of Market Entry Under Tax Policy.

Wage bargaining and product innovation: The role of market expansion effect (2022)
Journal Article

Using the right-to-manage model of union-firm bargaining, we show that a higher union power increases product innovation if the bargaining is decentralised, the market expansion effect is weak, and the cost of innovation is relatively low. Otherwise,... Read More about Wage bargaining and product innovation: The role of market expansion effect.

Competition, External Economies of Scale, and Unionized Wage (2021)
Journal Article

We provide a rationale for the mixed relationship between product market competition and unionized wage, and more importantly, for a generally unexplained empirical evidence of a positive relationship between product market competition and unionized... Read More about Competition, External Economies of Scale, and Unionized Wage.

Price competition and the effects of labour union on innovation (2021)
Journal Article

In contrast to the conventional belief that labour union intervention reduces firms' incentives to innovate, I show that this view may not hold true when the firms compete in prices. I find that the presence of labour union may increase firms' incent... Read More about Price competition and the effects of labour union on innovation.

Social efficiency of entry: implications of network externalities (2021)
Journal Article

We examine the welfare effects of entry in the presence of network externalities. We show that if network goods are fully incompatible, entry is socially insufficient as long as the entry cost is high, the goods are sufficiently differentiated, and t... Read More about Social efficiency of entry: implications of network externalities.

Cournot vs. Bertrand in mixed markets with R&D (2019)
Journal Article

We investigate the question of endogenous choice of price and quantity competition in a mixed duopoly where both welfare maximising public firm and profit maximising private firm invest in cost-reducing R&D. In contrary to the conventional belief tha... Read More about Cournot vs. Bertrand in mixed markets with R&D.

Labour unionisation structure and product innovation (2017)
Journal Article

This paper contributes to the recently growing literature by examining the effects of different labour unionisation structures on innovation. Using a Cournot duopoly set up, we investigate the effects of centralised and decentralised labour unions on... Read More about Labour unionisation structure and product innovation.

Cournot vs. Bertrand under centralised bargaining (2017)
Journal Article

We revisit the debate on Cournot and Bertrand profit comparison in a vertically related upstream market for inputs. We find that when an input pricing contract is determined through centralised bargaining, the final goods producers earn higher (lower... Read More about Cournot vs. Bertrand under centralised bargaining.

Price vs. quantity competition in a vertically related market revisited (2017)
Journal Article

In a recent paper, Alipranti et al. (2014, Price vs. quantity competition in a vertically related market, Economics Letters, 124: 122-126) show that, in a vertically related market, Cournot competition yields higher social welfare than Bertrand compe... Read More about Price vs. quantity competition in a vertically related market revisited.

Social efficiency of entry in a vertically related industry (2015)
Journal Article

We provide a new perspective to the literature on social desirability of entry by showing that, if the input supplier has market power, social desirability of entry of the final goods producers depends on returns to scale. Entry in the final goods ma... Read More about Social efficiency of entry in a vertically related industry.

Endogenous choice of price or quantity contract and the implications of two-part-tariff in a vertical structure (2015)
Journal Article

We re-investigate the endogenous choice of price (Bertrand) and quantity (Cournot) contract in the presence of a vertically related upstream market for input. We find that choosing price contract is the dominant strategy for downstream firms when the... Read More about Endogenous choice of price or quantity contract and the implications of two-part-tariff in a vertical structure.

Optimal contract under brand name collaboration (2013)
Journal Article