Fanti, Luciano; Meccheri, Nicola - Dipartimento di Economia e Management, Università … - 2012
Can a merger from duopoly to monopoly be detrimental for profits? This paper deals with this issue by focusing on the interaction between decreasing returns to labour (which imply firms’ convex production costs) and centralised unionisation in a differentiated duopoly model. It is pointed out...