-R&D investments. In endogenous union structures, we investigate the conditions under which firm-level unions may strategically collude …&D investments. We show that, separate firm-level unions are sustained in the equilibrium, where product quality and the level of R …

-level unions may strategically collude, or not, and the impact of their decisions upon the firmsâ�� incentives to … firms' products, an industry-wide union emerges (separate firm-level unions sustain) in the equilibrium, where product …

In a union-oligopoly static framework we study the role of unions regarding the possibility and the effects of … sufficiently risk-averse and firmsâ�� products are sufficiently close substitutes, then collusion among firms may emerge … rents despite it is the unionâ��s presence which effectively sustains collusion. …

Abstract Motivated by the widespread presence both of decentralised unions and cross-participation at ownership level …-averse) decentralised monopoly unions. We show that such a common wisdom, while it holds when either unions or crossownership separately … unions and crossownership are in existence: this is because the interaction between the reduced employment due to cross …

implication is that, when wage-interested unions are in existence in oligopoly industries, a rise in cross-participation – i.e., a …-specific monopolistic unions. Since the cross-participation at ownership level implies a lower degree of competition, then in a duopoly … without unions, as expected, consumer surplus and social welfare, despite the increase in the industry profits, reduces when …

trade unions whose utility functions depend on both wages and employment. We show that with neoclassical as well as Leontief … technology, unions raise wages to appropriate fully the gains from labor-saving technological (or organisational) improvements …

Motivated by the widespread presence both of decentralised unions and cross-participation at ownership level (for … extended with both equity participation of one firm in another firm and decentralised monopoly unions. We show that such a … common wisdom, while it holds when either unions or cross-ownership separately exist, is reversed for a fairly low degree of …

its labour union, in each firm/union pair, given the choice of the rival pair. Our findings suggest that monopoly unions …

wages to the variability in productivity conditions in a unionised oligopoly framework. The model distinguishes centralised … firm heterogeneity under centralised wage-setting, as unions internalise negative externalities of a wage increase for low …

industry-wide union sets a uniform wage rate than under firm-level unions. In contrast, investments are always higher under … firm-level unions in the case of RJVs. Firms' incentives to form an RJV are non-monotonic in the degree of centralization …