Product and Labor Market Imperfections and Scale Economies: Micro-Evidence on France, Japan and the Netherlands

Sabien Dobbelaere, Kozo Kiyota and Jacques Mairesse

No 7253, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: Allowing for three labor market settings (perfect competition or right-to-manage bargaining, efficient bargaining and monopsony), this paper relies on an extension of Hall's econometric framework for estimating simultaneously price-cost margins and scale economies. Using an unbalanced panel of 17,653 firms over the period 1986-2001 in France, 8,725 firms over the period 1994-2006 in Japan and 7,828 firms over the period 1993-2008 in the Netherlands, we first apply two procedures to classify 30 comparable manufacturing industries in 6 distinct regimes that differ in terms of the type of competition prevailing in product and labor markets. For each of the three predominant regimes in each country, we then investigate industry differences in the estimated product and labor market imperfections and scale economies. We find important regime differences across the three countries and also observe differences in the levels of product and labor market imperfections and scale economies within regimes.

Keywords: panel data; price-cost mark-ups; monopsony; rent sharing; production function (search for similar items in EconPapers)
JEL-codes: C23 D21 J50 L13 (search for similar items in EconPapers)
Pages: 43 pages
Date: 2013-02
New Economics Papers: this item is included in nep-com, nep-eff and nep-eur
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Published - published in: Journal of Comparative Economics, 2015, 43(2): 290-322

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Related works:
Journal Article: Product and labor market imperfections and scale economies: Micro-evidence on France, Japan and the Netherlands (2015)
Working Paper: Product and labor market imperfections and scale economies: Micro-evidence on France, Japan and the Netherlands (2013)
Working Paper: Product and Labor Market Imperfections and Scale Economies: Micro-Evidence on France, Japan and the Netherlands (2013)
Working Paper: Product and Labor Market Imperfections and Scale Economies: Micro-evidence on France, Japan and the Netherlands (2012)
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