Joint Estimation of Mark-up and Bargaining Power Parameters for Belgian Manufacturing
This paper applies several extensions of Hall's (1988) methodology to analyse imperfections in both the product and the labour market for firms in the Belgian manufacturing industry over the period 1988-1995. We investigate (1) the heterogeneity in mark-up and bargaining power parameters among 17 sectors within the manufacturing industry, (2) whether higher bargaining power parameters are associated with higher mark-ups and (3) whether both parameters are influenced by cyclical and competition effects. Our GMM results indicate that ignoring imperfection in the labour market leads to an underes... Mehr ...
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Dokumenttyp: | doc-type:workingPaper |
Erscheinungsdatum: | 2002 |
Verlag/Hrsg.: |
Leuven: Katholieke Universiteit Leuven
LICOS Centre for Transition Economics |
Schlagwörter: | ddc:330 / C23 / D21 / J50 / K21 / L13 / Efficient Bargaining / Price Setting / Market Power / Competition Policy / Enterprise Behaviour / Verarbeitendes Gewerbe / Lohnverhandlungen / Gewerkschaftsmitgliedschaft / Betriebliche Preispolitik / Marktmacht / Belgien |
Sprache: | Englisch |
Permalink: | https://search.fid-benelux.de/Record/base-28897460 |
Datenquelle: | BASE; Originalkatalog |
Powered By: | BASE |
Link(s) : | http://hdl.handle.net/10419/74897 |