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Non‐Rigid Wages and Merger Profitability Reversal Under Convex Costs and Centralized Unionization

Fanti, Luciano; Meccheri, Nicola - 2016

Can a merger from duopoly to monopoly be detrimental for profits? This paper deals with this issue by focusing on the … highlighted that a wage ‘non‐rigidity’ result applies: the post‐merger wage is higher than in the pre‐merger equilibrium. Second …, it is shown that a ‘reversal result’ in relation to merger profitability actually realizes when the union is sufficiently …

Persistent link: https://www.econbiz.de/10014125095

Bias corrections for two-step fixed effects panel data estimators

Fernández-Val, Iván (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003428365

Wage determination in the US airline industry : union power under product market constraints

Hirsch, Barry T. (contributor) - 2006

The paper analyzes wages in the U.S. airline industry, focusing on the role of collective bargaining in a changing …, wages are likely to head upward as carriers' financial health returns. Such wage levels may or may not be sustainable in the …

Persistent link: https://www.econbiz.de/10003384910

Bias corrections for two-step fixed effects panel data estimators

Fernández-Val, Iván (contributor); … - 2007

This paper introduces bias-corrected estimators for nonlinear panel data models with both time invariant and time varying heterogeneity. These include limited dependent variable models with both unobserved individual effects and endogenous explanatory variables, and sample selection models with...