Interaction between product market and labour market power: Evidence from France, Belgium and Chili

José Miguel Benavente, Sabien Dobbelaere, Jacques Mairesse

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Abstract

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.
Original languageEnglish
Pages (from-to)573-577
Number of pages5
JournalApplied Economics Letters
Volume16
Issue number6
Early online date20 Mar 2009
DOIs
Publication statusPublished - 2009

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