The Review of Economics and Statistics Vol. 75 No. 3 1993
Union-Firm Efficient Bargaining and Test of Oligopolistic Conduct
Abstract
This paper applies a production function approach to the analysis of imperfection in product and factor markets and develops a test of Efficient Bargaining for wage and employment determination. Based on a translog function defined at the firm level, estimates for the Belgian chemical industry are consistent with the existence of product market power which is significantly eroded by union wage rents.
- DOI
- 10.2307/2109477
- Volume
- 75
- Issue
- 3
- Pages
- 563
- Sources
- openalex crossref