A unionized duopoly model to analyse how unions affect the incentives for merger is considered. It is found that both firms will merge if and only if unions are weak. However, once surplus-maximizing unions have the option to delegate the wage bargaining to wage-maximizing delegates (such as...

This article investigates the effect of motivations on the perceived kindness of an action within the context of social indirect reciprocity (if A helps B, then C helps A). We test experimentally the hypothesis that, for a given distributional outcome, an action is perceived by a third party to...

A bargaining licensing game is developed to study how the patent holder's bargaining power affects his licensing policy as well as the social welfare. Indeed, a modification in the patent's holder bargaining power is not innocuous for the economy. Therefore, a social agency that is concerned...