Lommerud, Kjell Erik; Sørgard, Lars; Straume, Odd Rune - C.E.P.R. Discussion Papers - 2003
We analyse how the presence of trade unions affects the pattern of mergers in an international oligopoly and the welfare implications thereof. We find that an international merger results in lower wages for all firms. A national merger results in higher wages, highest for the non-merging firms....