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 language | English |
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Pages (from-to) | 573-577 |
Number of pages | 5 |
Journal | Applied Economics Letters |
Volume | 16 |
Issue number | 6 |
Early online date | 20 Mar 2009 |
DOIs | |
Publication status | Published - 2009 |