product quality differentiation by firms in product markets, and how this determines relative welfare outcomes of different … unionization reduces output, consumer surplus and overall welfare are always lower with respect to the case in which labour market … is perfectly competitive, and decentralized unionization is generally welfare enhancing with respect to centralized …

to study its welfare effects. The market outcome crucially depends on the bargaining power attributed to the agents. I …

product quality differentiation by firms in product markets, and how this determines relative welfare outcomes of different … unionization reduces output, consumer surplus and overall welfare are always lower with respect to the case in which labour market … is perfectly competitive, and decentralized unionization is generally welfare enhancing with respect to centralized …