On the price discriminating labour cooperative |
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Authors: | Eliakim Katz ZM Berrebi |
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Institution: | Bar-Ilan University, Ramat-Gan, Israel |
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Abstract: | This paper considers labor cooperatives selling in a competitive international product market and a monopolistic domestic market simultaneously. It is shown that output of the cooperative is smaller than that of a profit maximizing firm. Both firms have the same domestic sales. Output will decrease if domestic demand rises but it may rise or fall when foreign demand increases. These contrast with the single market comparative statics of Ward. |
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