Two parties X, and Y, can either bargain separately with a third party Z or merge to become XY and bargain collectively with Z. Depending on the payoff implications of the two possible contracts and on the asymmetry inherent in the conflict payoffs of X and Y collective bargaining will increase,...

The Elgar Companion to Neo-Schumpeterian Economics is a cutting-edge collection of specially commissioned contributions highlighting not only the broad scope but also the common ground between all branches of this prolific and fast developing field of economics.