We show the effects of the bargaining power of labour unions on product innovation under decentralised and centralised … union bargaining power increases innovation if bargaining is decentralised, the market expansion effect is weak and the cost … of innovation is moderate but low. Otherwise, a higher union bargaining power reduces innovation. Hence, whether a higher …

We show that a monopolist final goods producer may find it profitable to create competition by licensing its technology … competition, and the incentive for licensing is higher under price competition than under quantity competition. Our qualitative …