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Wages, Hires, and Labor Market Concentration
Marinescu, Ioana Elena - 2020
.9%, as hypothesized by monopsony theory. Based on a simple merger simulation, we find that a merger between the top two …
Persistent link: https://www.econbiz.de/10012833879
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National Champion versus Foreign Takeover
Suedekum, Jens - 2021
We analyze an oligopolistic market where a domestic and a foreign firm are engaged in a takeover battle for a domestic … competitor. Any merger or acquisition (M&A) must be approved by a welfare maximizing domestic competition agency which may or may … of government. With an unbiased competition agency we find that the foreign takeover is more likely to occur the higher …
Persistent link: https://www.econbiz.de/10013316871
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Cross-Border Mergers and National Champions in an Integrating Economy
Suedekum, Jens - 2006
We introduce a simple oligopolistic trade model with international transportation costs, and analyze the profitability and the social desirability of national vs. international mergers in relation to three different issues, (i) the level of trade freeness, (ii) the possibility of rent...
Persistent link: https://www.econbiz.de/10012779641
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Panel Data Estimates of the Production Function and Product and Labor Market Imperfections
Dobbelaere, Sabien - 2010
Consistent with two models of imperfect competition in the labor market, the efficient bargaining model and the monopsony model, we provide two extensions of a microeconomic version of Hall's framework for estimating price-cost margins. We show that both product and labor market imperfections...
Persistent link: https://www.econbiz.de/10013138258
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Wages, Creative Destruction, and Union Networks
Dale-Olsen, Harald - 2018
Do unions promote creative destruction? In this paper we apply a shift-share approach and historical unionisation data from 1918 to study the impact of changes in regional unionisation on regional wage and productivity growth and job creation and destruction during the period 2003-2012. As local...
Persistent link: https://www.econbiz.de/10012908876
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Union Density, Productivity and Wages
Barth, Erling - 2017
We exploit tax-induced exogenous variance in the price of union membership to identify the effects of changes in firm union density on firm productivity and wages in the population of Norwegian firms over the period 2001 to 2012. Increases in union density lead to substantial increases in firm...
Persistent link: https://www.econbiz.de/10012943707
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Unions and Firms' Investments : A Unified View
Berton, Fabio - 2019
In this paper, we present a simple model in which a unionized and non-unionized firm optimally make investment decisions given their labor productivity. By allowing workers' organizations to have positive effects on labor effort, we find that the classic hold-up problem does not necessarily...
Persistent link: https://www.econbiz.de/10012864858
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Sources of the Union Wage Gap : Results from High-Dimensional Fixed Effects Regression Models
Addison, John T.; Portugal, Pedro; Vilares, Hugo - 2015
This paper provides estimates of the union wage gap in Portugal, a nation until recently lacking independent data on union density at firm level. Having estimated nonlinear and linear estimates of the effect of union density on the wage gap, the next stage of the analysis seeks to account for...
Persistent link: https://www.econbiz.de/10013016272
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UK Trades Unions and the Problems of Collective Action
Willman, Paul - 2016
This paper looks at the financial resources of trades unions in the UK, both updating previous work and attempting to understand the management of first and second order collective action problems. First order problems refer to the problems of initiating collective action and second order...
Persistent link: https://www.econbiz.de/10012986765
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Are Unions Detrimental to Innovation? Theory and Evidence
Berton, Fabio; Ricci, Andrea; Dughera, Stefano - 2021
In this paper we study the effect of unions on product and process innovation both theoretically and empirically. We propose a Cournot duopoly model where labor productivity is allowed to differ across unionized and non-unionized sectors due to collective voice mechanism. Our findings suggest...
Persistent link: https://www.econbiz.de/10013246893