Interaction between product market and labour market power: evidence from France, Belgium and Chile

This article jointly estimates price-cost mark-ups and union bargaining power of manufacturing firms in France, Belgium and Chile. Our GMM results provide strong evidence of price-cost mark-ups being underestimated when labour market imperfections are ignored, corresponding to the omission of the pa...

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Veröffentlicht in:	Applied economics letters 2009-01, Vol.16 (6), p.573-577
Hauptverfasser:	Benavente, José Miguel, Dobbelaere, Sabien, Mairesse, Jacques
Format:	Artikel
Sprache:	eng
Schlagworte:	Bargaining power Belgium Chile Collective bargaining Consumer Price Index Economic analysis Economic rent France Generalized method of moments Labor market Labour economics Manufacturers Markups Price formation Price level Studies
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Beschreibung
Zusammenfassung:	This article jointly estimates price-cost mark-ups and union bargaining power of manufacturing firms in France, Belgium and Chile. Our GMM results provide strong evidence of price-cost mark-ups being underestimated when labour market imperfections are ignored, corresponding to the omission of the part of product rents captured by the workers.
ISSN:	1350-4851 1466-4291
DOI:	10.1080/13504850701206478