-R&D investments. In endogenous union structures, we investigate the conditions under which firm-level unions may strategically collude …&D investments. We show that, separate firm-level unions are sustained in the equilibrium, where product quality and the level of R …

-level unions may strategically collude, or not, and the impact of their decisions upon the firmsâ�� incentives to … firms' products, an industry-wide union emerges (separate firm-level unions sustain) in the equilibrium, where product …

In a union-oligopoly static framework we study the role of unions regarding the possibility and the effects of … sufficiently risk-averse and firmsâ�� products are sufficiently close substitutes, then collusion among firms may emerge … rents despite it is the unionâ��s presence which effectively sustains collusion. …

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 …

trade unions whose utility functions depend on both wages and employment. We show that with neoclassical as well as Leontief … technology, unions raise wages to appropriate fully the gains from labor-saving technological (or organisational) improvements …

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 …

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 …

Multiemployer collective bargaining relationships between unions and employer associations easily devolve into … legalized cartels. Once unions establish themselves as the bargaining representative for employers’ employees, the employers … unions happily serving as enforcement agents in the scheme. In return, unions receive a share of the increased oligopolistic …

), there will be excessive entry into a Cournot oligopoly for a homogeneous commodity. However, input markets are often …