Product and labor market imperfections and scale economies: Micro-evidence on France, Japan and the Netherlands

We estimate product and labor market imperfections in France, Japan and the Netherlands. * We consider two product and three labor market settings, thus distinguishing 6 regimes. * We classify 30 comparable manufacturing industries in these regimes. * We find important regime differences across the three countries. * We also observe differences in the levels of product market imperfections within regimes. Allowing for three labor market settings (perfect competition or right-to-manage bargaining, efficient bargaining and monopsony), this paper relies on two extensions of Hall's econometric fra... Mehr ...