In this paper a theoretical framework is provided to link firm efficiency to product market competition. In particular x-efficienct is shown to arise to the extent unions directly affect the level of employment. A positive relationship is established between social efficiency and x-efficiency, whereby both are at their lowest level when firms can freely adjust size of the workforce. Finally profits (employment/production) are shown to be not necessarily decreasing (increasing) in the degree of competition.
Download Info
To our knowledge, this item is not available for
download. To find whether it is available, there are three
options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page
whether it is in fact available.
3. Perform a search for a similarly titled item that would be
available.
Length: 11 pages Date of creation: 2000 Date of revision: Handle: RePEc:fth:hambec:110
Contact details of provider: Postal: Institute of Economics, University of Hamburg, Von-Melle-Park 5, D-20146 Hamburg F.R.G Phone: +49 (0)40 6541 2590 Fax: +49 (0)40 6541 2780 Web page: http://www.hsu-hh.de/fgvwl/ More information through EDIRC
For technical questions regarding this item, or to correct its listing, contact: (Thomas Krichel).
Find related papers by JEL classification: D24 - Microeconomics - - Production and Organizations - - - Production; Capital and Total Factor Productivity; Capacity D40 - Microeconomics - - Market Structure and Pricing - - - General