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This paper tests the pro-competitive effect of trade in the product and labor markets of UK manufacturing sectors between 1988 and 2003 using a two-stage estimation procedure. In the first stage, we use data on 9820 firms from twenty manufacturing sectors to simultaneously estimate mark-up and...
Persistent link: https://www.econbiz.de/10005822190
This discussion paper resulted in a publication in the <I>British Journal of Industrial Relations</I>, 49(2), 331-361. 10.1111/j.1467-8543.2009.00760.x<P> This paper tests the pro-competitive effect of trade in the product and labour markets of UK manufacturing sectors between 1988 and 2003 using a...</p></i>
Persistent link: https://www.econbiz.de/10011255952
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
likely to vary even within industries, we also investigate firm-level heterogeneity in estimated mark-up and rent …-sharing parameters. To determine the degree of true heterogeneity in these parameters, we adopt the P.A. Swamy (1970) methodology … within-industry firm heterogeneity. We find that firm size, capital intensity, distance to the industry technology frontier …
Persistent link: https://www.econbiz.de/10011257250
Allowing for three labor market settings (perfect competition or right-to-manage bargaining, efficient bargaining and monopsony), this paper relies on two extensions 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/10010821932
Empirical labor economists have resorted to estimating the responsiveness of workers' wages on firms' ability to pay to assess the extent to which employers share rents with their employees. This paper compares this labor economics approach with two other approaches that rely on standard micro...
Persistent link: https://www.econbiz.de/10011288413
Institutions, social norms and the nature of industrial relations vary greatly between Latin American and Western European countries. Such institutional and organizational differences might shape firms' operational environment in general and the type of competition in product and labor markets...
Persistent link: https://www.econbiz.de/10011307326
Empirical labor economists have resorted to estimating the responsiveness of workers' wages on firms' ability to pay to assess the extent to which employers share rents with their employees. This paper compares this labor economics approach with two other approaches that rely on standard micro...
Persistent link: https://www.econbiz.de/10011307330
firms in the Belgian manufacturing industry over the period 1988- 1995. We investigate the heterogeneity in price-cost mark …
Persistent link: https://www.econbiz.de/10010262192
This paper studies cross-sectional heterogeneity in price-cost margins and the extent of rent sharing among 48 sectors … the Swamy (1970) methodology which corrects the observed heterogeneity for sampling heterogeneity, the corresponding …
Persistent link: https://www.econbiz.de/10010267363