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Delegation, Union Merger and Choice of Behavior about Firm Merger |
SHEN Yue, XU You-Jun, ZHAO Yi-Ni |
Xi'an Jiaotong University, Xian, China |
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Abstract The paper analyses a duopolistic market Cournot model to examine how unions affect the incentives for the merger of firms. By the solution of subgame perfect equilibrium of four-stage game, we find out that two independent unions would unite as a single union in order to get a greater surplus, but the merger will do harm to the increase of the firms' gains.
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Received: 03 November 2008
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