A unionized duopoly model to analyse how unions affect the incentives for merger is considered. It is found that both firms will merge if and only if unions are weak. However, once surplus-maximizing unions have the option to delegate the wage bargaining to wage-maximizing delegates (such as...

A bargaining licensing game is developed to study how the patent holder's bargaining power affects his licensing policy as well as the social welfare. Indeed, a modification in the patent's holder bargaining power is not innocuous for the economy. Therefore, a social agency that is concerned...