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Allowing for three labor market settings (perfect competition or right-to-manage bargaining, efficient bargaining and monopsony), this paper relies on an extension of Hall's econometric framework for estimating simultaneously price-cost margins and scale economies. Using an unbalanced panel of...
Persistent link: https://www.econbiz.de/10011257098
This discussion paper resulted in a publication in the <I>Journal of Applied Econometrics</I>, 2013, 28(1), 1-46. 10.1002/jae.1256 Embedding the efficient bargaining model into the R. Hall (1988) approach for estimating price-cost margins shows that both imperfections in the product and labor markets...</i>
Persistent link: https://www.econbiz.de/10011257250