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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
In a union-oligopoly static framework we study the role of unions regarding the possibility and the effects of endogenous cartel formation. Given that firms independently adjust their own quantities, we show that, if union members are not sufficiently risk-averse and...
Persistent link: https://www.econbiz.de/10011129908
In a union-oligopoly framework with differentiated products, this paper endogenizes the mode of product market competition by exploring its strategic role on firms� incentives for collusion. It is shown that in a one-shot game setup, provided that union members are...
Persistent link: https://www.econbiz.de/10011129909