Fanti, Luciano; Meccheri, Nicola - 2016
Can a merger from duopoly to monopoly be detrimental for profits? This paper deals with this issue by focusing on the … highlighted that a wage ‘non‐rigidity’ result applies: the post‐merger wage is higher than in the pre‐merger equilibrium. Second …, it is shown that a ‘reversal result’ in relation to merger profitability actually realizes when the union is sufficiently …