Union-Firm Efficient Bargaining and Test of Oligopolistic Conduct
用生产函数方法分析产品与要素市场的不完全性,提出检验工资与就业决定中有效谈判的方法,基于比利时化学工业的企业数据发现产品市场势力被工会工资租金显著削弱。
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.