. Relative to more general welfare outcomes, profits are always higher under decentralised unionisation, but both consumer … surplus and overall welfare can be higher under a centralised structure, depending on the unions’ preference towards wages or … unionisation is welfare-enhancing. …

that, in equilibrium, both firm profitability and welfare outcomes can be superior under both sales delegation and relative …

that, in equilibrium, both firm profitability and welfare outcomes can be superior under both sales delegation and relative …

competition. We finally conclude that the intensity of competition and welfare may not have the usual (direct) relationship and … later stages of innovation) curtailed, to encourage innovation and thus welfare, as a suitable policy measure. Thus, entry …

than profit companies. From this follows that more funds for donations to nonprofit companies reduce the welfare to be …

competition. We finally conclude that the intensity of competition and welfare may not have the usual (direct) relationship and … later stages of innovation) curtailed, to encourage innovation and thus welfare, as a suitable policy measure. Thus, entry …

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 …

Trade unions are often argued to cause allocative inefficiencies and to lower welfare. We analyze whether this … welfare. We find that an increase in the union's bargaining power raises welfare if the (inverse) demand curve is …

entry and raises welfare. Furthermore, we show that collective bargaining loosens the linkage between business stealing and …

welfare implications thereof. We find that an international merger results in lower wages for all firms. A national merger …