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

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  • Sabien Dobbelaere
  • Kozo Kiyota
  • Jacques Mairesse

Abstract

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 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.

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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 19059.

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Date of creation: May 2013
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Handle: RePEc:nbr:nberwo:19059

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References

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Cited by:
  1. Flora Bellone & Kozo Kiyota & Toshiyuki Matsuura & Patrick Musso & Lionel Nesta, 2012. "International Productivity Gaps and the Export Status of Firms: Evidence from France and Japan," GREDEG Working Papers 2012-07, Groupe de REcherche en Droit, Économie, Gestion (GREDEG CNRS), University of Nice Sophia Antipolis, revised Jan 2014.

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