We examine how a merger affects wages of unionized labour and, in turn, the profitability of a merger under Cournot … competition in differentiated products. If unions are plant-specific, we find that a merger is more profitable than in a … part in a merger than to be an outsider. For firm-specific unions, on the other hand, results are reversed. …

We analyse how the presence of trade unions affects the pattern of mergers in an international oligopoly and the … welfare implications thereof. We find that an international merger results in lower wages for all firms. A national merger … results in higher wages, highest for the non-merging firms. Using a model of endogenous merger formation, we find that the …

We analyze the optimal dynamic policy of an antitrust authority towards horizontal mergers when merger proposals are … endogenous and occur over time. Approving a currently proposed merger will affect the profitability and welfare effects of … surplus by using a completely myopic merger review policy that approves a merger today if and only if it does not lower …

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 …