This paper develops a theoretical model of the <MI>simultaneous<D> determination of union wages and union membership … union wages. Although some empirical studies have effectively endogenized membership to control for simultaneity, the … for estimation of manual wages and union density for the private sector. The results reveal that for our particular data …

with a high level of real wages, a small dispersion of wages, and with a relatively large share of aggregate income going …

the respective mono-tonicity properties. If the profit differential between post-merger and pre-merger profits satisfies … equilibria of merger games with simultaneous and sequential moves. The application of our framework to specific oligopoly models … illustrates that the introduction of two-sided asymmetric information may lead to considerable changes in the predicted merger …

The optimal competition policy when licensing is an alternative to a merger, which has the intention of transferring a … of the US Horizontal Merger Guidelines. In contrast, when only one instrument is feasible, be it fixed fees or royalties …

structural approach to infer acquirers’ gains from merging by interpreting a merger as an auction. Using nonparametric methods …

We study optimal merger policy in a dynamic model in which the presence of scale economies implies that firms can … the period the merger is proposed. We also find that the ability to commit can lead to a significant welfare improvement …