Union Firm Efficient Bargaining and Test of Oligopolistic Conduct

Bughin, J.
(1993) The Review of Economics and Statistics — Vol. 75, n° 3, p. 563-567 (1993)

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  • Bughin, J.
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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.
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Citations

Bughin, J. (1993). Union Firm Efficient Bargaining and Test of Oligopolistic Conduct. The Review of Economics and Statistics, 75(3), 563-567. https://doi.org/10.2307/2109477 (Original work published 1993)