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 …

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 …

information, our data confirm the well-known result that duopoly players achieve, on average, partial collusion. However, as soon …

information, our data confirm the well-known result that duopoly players achieve, on average, partial collusion. However, as soon …

In this paper, we tackle the dilemma of pruning versus proliferation in a vertically differentiated oligopoly under the …

differentiated markets. I firstly review some classical literature on collusion between two firms producing goods of exogenous … the market may have contradictory effects on the incentive of firms to collude: it can make collusion easier for bottom …

four separate organization setups (Full Competition, Semi-collusion in Production, Semi-collusion in R&D and Full Collusion … possible that firms in the Full Collusion regime produce most and generate the highest level of social welfare. …