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Union–firm bargaining agenda: right-to-manage or efficient bargaining?
Fanti, Luciano - In: Economics Bulletin 35 (2015) 2, pp. 936-948
In this paper we revisit the issue of the scope of bargaining between firms and unions. It is shown that an agreement between parties on the bargaining agenda may endogenously emerge only on the Efficient Bargaining arrangement, provided that union's power is not too high.
Persistent link: https://www.econbiz.de/10011249522
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Irrelevance of productivity difference: A case with labor union
Mukherjee, Arijit - In: Economics Bulletin 10 (2007) 17, pp. 1-8
Common wisdom suggests that firms with higher productivities earn higher profits and the higher productivities of the firms benefit consumers by increasing outputs. We show that productivity difference may not matter for outputs and profits in presence of wage bill maximizing labor unions. Our...
Persistent link: https://www.econbiz.de/10010629596
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Outward FDI, performance and group affiliation: evidence from French matched firms
Gazaniol, Alexandre; Peltrault, Frédéric - In: Economics Bulletin 33 (2013) 2, pp. 891-904
in outward FDI and its effects on home performance. Using a sample of French manufacturers, we combine propensity … their home performance ex-post. One explanation for this result might be that foreign-owned firms do not invest abroad in … order to increase their own performance, but the performance of their own group. …
Persistent link: https://www.econbiz.de/10010633883
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"Unilateral" technology licensing from an entrant to incumbent monopolist
Sen, Neelanjan - In: Economics Bulletin 34 (2014) 2, pp. 1028-1037
An incumbent monopolist, tries to deter entry and thus never licenses its technology to any potential entrant. This paper, however shows that the monopolist may license in the technology of the entrant that remains out of the market in the pre-licensing stage. Post-licensing, the entrant...
Persistent link: https://www.econbiz.de/10010770407
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Industry profit maximizing R and D networks
Zirulia, Lorenzo - In: Economics Bulletin 12 (2006) 1, pp. 1-6
In this paper, we extend the model of R and D network formation by Goyal and Moraga-Gonzàlez (2001) by allowing for imperfect spillovers among linked firms. We show that the complete network maximizes industry profit if spillovers for linked firms are below a threshold level. Furthermore, this...
Persistent link: https://www.econbiz.de/10010629548
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Mixed Oligopoly and Productivity-Improving Mergers
Nakamura, Yasuhiko; Inoue, Tomohiro - In: Economics Bulletin 12 (2007) 20, pp. 1-9
This paper investigates productivity improving merger activities between a public firm and a private firm in mixed oligopoly. We assume that the merged firm has two plants (formerly, firms). We show that both owners of a public firm and a private firm want to merge by coordinating their...
Persistent link: https://www.econbiz.de/10010629750
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Bargaining over Managerial Contracts in Delegation Games: The Sequential Move Case
Nakamura, Yasuhiko; Kamaga, Kohei - In: Economics Bulletin 12 (2008) 7, pp. 1-8
This paper examines the bargaining problem between firms' owners and managers over their managerial delegation contracts in a duopolistic market with differentiated-products. Assuming that delegated managers make every managerial decision in the market, we analyze how the managers'' bargaining...
Persistent link: https://www.econbiz.de/10010630135
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On the Number of Firms and the Quantity of Innovation
Cowan, Robin - In: Economics Bulletin 12 (2002) 6, pp. 1-9
This paper models a dynamic innovation process to examine the relationship between levels of R and D and market structure. In contrast to most of the literature, here R and D increases firms' knowledge stocks, making future R and D less costly. This s a feedback by which market structures can...
Persistent link: https://www.econbiz.de/10008468930
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Notes on the Merger Strategy of High versus Low-tech Industries: Complementarities and Moral Hazard
Aydogan, Neslihan - In: Economics Bulletin 12 (2002) 7, pp. 1-12
In this essay I assess the role that is played by the two characteristics of high-tech firms in shaping their corporate strategies: short product cycles and the involvement of intangible assets in production. Short product cycles impose high-tech firms to seek complementary assets for entering...
Persistent link: https://www.econbiz.de/10005094822
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On the Number of Firms and the Quantity of Innovation
Cowan, Robin - In: Economics Bulletin 12 (2002) 6, pp. 1-9
This paper models a dynamic innovation process to examine the relationship between levels of R and D and market structure. In contrast to most of the literature, here R and D increases firms' knowledge stocks, making future R and D less costly. This s a feedback by which market structures can...
Persistent link: https://www.econbiz.de/10005110758