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convey more bargaining power to the merged entity than a horizontal merger to monopoly. In a bidding game for an exogenously … determined target firm, a vertical merger can dominate a horizontal one, while pre-emption does not occur. …
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Agents participating in different kind of organizations, usually take different positions in some relational structure. The aim of this paper is to introduce a new framework taking into account both communication and hierachical features derived from this participation. In fact, this new set or...
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Starting point of our (indirect) evolutionary analysis is the sequential bargaining model of Manning (1987) who distinguishes between trade union's power in initial wage and in later employment negotiations. By linking two such collective bargaining situations we can say which of the two...
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