Union-Firm Efficient Bagainig and Test of Oligopolistic Conduct

This paper applies a production function approach to the analysis of imperfections in output 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 output market power which is itself eroded by wage rents originating from efficient bargain.

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Year of publication:	1992-01-01
Authors:	Bughin, Jacques
Institutions:	Institut de Recherche Économique et Sociale (IRES), École des Sciences Économiques de Louvain
Subject:	production \| collective bargaining \| wages \| enterprises \| trade unions

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Series:	Discussion Papers (IRES - Institut de Recherches Economiques et Sociales).
Type of publication:	Book / Working Paper
Notes:	The text is part of a series UNIVERSITE CATHOLIQUE DE LOUVAIN, Institut de Recherches Economiques et Sociales (IRES) Number 1992003 9 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004985046