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We examine how a merger affects wages of unionized labour and, in turn, the profitability of a merger under both … Cournot and Bertrand competition. If unions are plant-specific, we find that a merger is more profitable than in a … part in a merger than being an outsider. For firm-specific unions, on the orther hand, results are reversed. …
Persistent link: https://www.econbiz.de/10005675262
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. …
Persistent link: https://www.econbiz.de/10005497750
We examine how a merger a .ects wages of unionized labour and, in turn, the profitability of a merger under both … Cournot and Bertrand competition. If unions are plant-specific, we find that a merger is more profitable than in a …
Persistent link: https://www.econbiz.de/10005245549
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 …
Persistent link: https://www.econbiz.de/10005667082
We examine how a merger affects wages of unionized labour and, in turn, the profitability of a merger under both … Cournot and Bertrand competition.If unions are plant-specific, we find that a merger is more profitable than in a …
Persistent link: https://www.econbiz.de/10005781265
In the context of an international unionized oligopoly, with vertical differentiation and downstream and upstream firms … locked in a bilateral monopoly, the pattern of downstream mergers is investigated. In such a setting, a downstream merger …
Persistent link: https://www.econbiz.de/10008683550
firm in another country (target) when the industry is vertically related. Absent any merger incentives in an autarkic … pre-merger competition among the disintegrated firms is relatively intense but, otherwise, the initial target will be a …
Persistent link: https://www.econbiz.de/10010688165
wages to the variability in productivity conditions in a unionised oligopoly framework. The model distinguishes centralised …
Persistent link: https://www.econbiz.de/10008559107
This paper investigates unionized oligopolistic markets with differentiated products and quality improvement-R&D investments. In endogenous union structures, we investigate the conditions under which firm-level unions may strategically collude, or not, and the impact of their decisions upon the...
Persistent link: https://www.econbiz.de/10011129902
This paper studies oligopolistic markets with differentiated products, with endogenous union structures and quality improvement-R&D investments. In the context of a dynamic game-theoretic analysis we investigate the conditions under which firm-level unions may strategically collude, or not, and...
Persistent link: https://www.econbiz.de/10011129903