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Consistent with two models of imperfect competition in the labor market, the efficient bargaining model and the monopsony model, we provide two extensions of a microeconomic version of Hall's framework for estimating price-cost margins. We show that both product and labor market imperfections...
Persistent link: https://www.econbiz.de/10013138258
and scale economies. Using an unbalanced panel of 17,653 firms over the period 1986-2001 in France, 8,725 firms over the …
Persistent link: https://www.econbiz.de/10013085064
Embedding the efficient bargaining model into the Hall (1988) approach for estimating price-cost margins shows that both imperfections in the product and labor markets generate a wedge between factor elasticities in the production function and their corresponding shares in revenue. This article...
Persistent link: https://www.econbiz.de/10012776545
Researchers contributing to the empirical rent-sharing literature have typically resorted to estimating the responsiveness of workers' wages on firms' ability to pay in order to assess the extent to which employers share rents with their employees. This paper compares rent-sharing estimates...
Persistent link: https://www.econbiz.de/10012942047
European countries. Such institutional and organizational differences might shape firms' operational environment in general and … using firm-level data in Chile – a non-OECD member under the considered time period – and France. We rely on two extensions …-2001 in France, we first classify 20 comparable manufacturing industries in 6 distinct regimes that differ in the type of …
Persistent link: https://www.econbiz.de/10013016354
same data. Taking advantage of a rich matched employer-employee dataset for France over the period 1984-2001, we … bargaining process in France over the considered period …
Persistent link: https://www.econbiz.de/10013144931