Nickell, S; Vainiomaki, J; Wadhwani, S - In: Economica 61 (1994) 244, pp. 457-73
This paper analyzes time-series on some 800 British manufacturing companies to address various questions concerning the role of insiders and market power in wage determination. The following are the most important results. First, product market power has a positive impact on wages; this impact...