in the degree of product differentiation always reduces firms’ profits, remains true in a unionized duopoly model with … product differentiation may affect wages, hence profits, differently, depending on both the mode of competition in the product …

in the degree of product differentiation always reduces firms’ profits, remains true in a unionized duopoly model with … product differentiation may affect wages, hence profits, differently, depending on both the mode of competition in the product …

(which implies increasing competition) always reduces firms’ profits, remains true in a differentiated duopoly model with …, termed “endogenous” or “union wage effect”, adds to the standard competition effect in affecting profits. Moreover, the union …

the degree of product differentiation always reduces firms׳ profits) can be reversed in a unionized duopoly model. We show … that a decrease in the degree of product differentiation may affect wages, hence profits, differently, depending on both … compete in quantities. By contrast, under decreasing returns, profits can increase with competition but only if firms compete …

wage bill maximizing unions and labour decreasing returns. It is shown that the standard result, that equilibrium profits …

wage bill maximizing unions and labour decreasing returns. It is shown that the standard result, that equilibrium profits …

, lower profits and higher consumer surplus as well as overall welfare, in the presence of decentralized unionization all …

to incentives for sales, lower profits and higher consumer surplus as well as overall welfare, in the presence of …