), there will be excessive entry into a Cournot oligopoly for a homogeneous commodity. However, input markets are often … imperfectly competitive and the price of labor is determined by collective bargaining. The resulting rise in wages reduces output …

labour market interdependencies and the consequences of trade liberalisation for union wages. The analysis suggests that … national wages are likely to be strategic complements (substitutes), if products are ordinary substitutes (complements). Under … the assumption of linear demand it is shown that bilateral trade liberalisation always leads to higher union set wages and …

We investigate the welfare effect of union activity in a relatively new oligopoly model, the Cournot-Bertrand model …

setting is centralized, wages do not depend on product quality differentiation in the product market but when the bargained … endogenous choices by firms of the quality level of their products: especially when unionization is decentralized and unions have …

firm declines with the number of firms (business stealing), there is excessive entry into such oligopoly. If trade unions …Trade unions are often argued to cause allocative inefficiencies and to lower welfare. We analyze whether this … evaluation is also justified in a Cournot-oligopoly with free but costly entry. If input markets are competitive and output per …

firm declines with the number of firms (business stealing), there is excessive entry into such oligopoly. If trade unions …Trade unions are often argued to cause allocative inefficiencies and to lower welfare. We analyze whether this … evaluation is also justified in a Cournot-oligopoly with free but costly entry. If input markets are competitive and output per …

determine the equilibrium skill acquisition outcomes and show that both "pure" (training set by either firms or unions only) and … "mixed" (training set by firms and unions) training scenarios may emerge at equilibrium. We show that firms have generally … greater training incentives than unions, resulting in a higher product quality. In line with empirical evidence, we also find …