Downsizing, X-Efficiency. and Social Efficiency
AbstractIn 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.
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Bibliographic InfoPaper provided by University of Hamburg, Institute of Economics in its series Faechergruppe Volkswirtschaftlehre with number 110.
Length: 11 pages
Date of creation: 2000
Date of revision:
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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/
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MARKET STRUCTURE ; EFFICIENCY ; BUSINESS ORGANIZATION;
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- D40 - Microeconomics - - Market Structure and Pricing - - - General
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