Considering Cournot competition, this note shows that, if the firms differ inlabor productivities, the equilibrium wage rates under a centralized labor union are notindependent of the number of firms and product differentiation if the labor unioncharges a uniform wage rate. However, if the...

We show the incentive for divisionalization by a monopolist producer. Incontrast to the previous literature, where divisionalization occurs for product marketadvantage, we show that divisionalization occurs if it provides strategic advantage inthe labor market. With unionized labor market, we...

Vorliegendes Arbeitspapier stellt das angelsächsische Board-Modell am Beispiel Großbritannien vor.