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Mining Surplus: Modeling James A. Schmitz's Link Between Competition and Productivity

Jeremy Greenwood and David Weiss ()

No 22, Economie d'Avant Garde Research Reports from Economie d'Avant Garde

Abstract: James A. Schmitz (2005) documents, in a well-known case study, a dramatic rise in productivity in the U.S. and Canadian iron-ore industry following an increase in competition from Brazil. Prior to the increased competition, the industry was not competitive. Surplus in profits was divided between business and unions. Schmitz attributes the increase in productivity to a change in work practices in the industry, as old negotiated union work rules were abandoned or modified. This research formalizes a mechanism through which a rise in competition can lead to increased productivity in the iron-ore industry. International Economic Review, forthcoming.

Keywords: Bodies; effort; James A. Schmitz; iron ore; membership; monopoly profits; Nash bargaining; productivity; unions (search for similar items in EconPapers)
JEL-codes: E13 J51 O47 (search for similar items in EconPapers)
Date: 2013-10
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Related works:
Journal Article: MINING SURPLUS: MODELING JAMES A. SCHMITZ'S LINK BETWEEN COMPETITION AND PRODUCTIVITY (2018) Downloads
Working Paper: Mining Surplus: Modeling James A. Schmitz's Link Between Competition and Productivity (2017) Downloads
Working Paper: Mining Surplus: Modeling James A. Schmitz's Link Between Competition and Productivity (2013) Downloads
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