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Work‐Related Accidents And The Level Of Market Competition: An Analysis Of Worker Injury Rates At U.S. Steel Corporation, 1907–1939

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  • CHRISTOPHER S. DECKER
  • DAVID T. FLYNN

Abstract

We investigate the relationship between accident rates and industry structure for the United States’ steel industry during the first four decades of the 20th century. We develop a dominant firm theoretical model linking accident rates to number of competitors, showing a positive correlation between accident avoidance and the number of fringe competitors. We then test this theory empirically and, when controlling for other influences, find that reductions in the dominant firm’s market share reduce worker injury rates substantially. (JEL L13, L61, N62, N82)

Suggested Citation

  • Christopher S. Decker & David T. Flynn, 2008. "Work‐Related Accidents And The Level Of Market Competition: An Analysis Of Worker Injury Rates At U.S. Steel Corporation, 1907–1939," Economic Inquiry, Western Economic Association International, vol. 46(3), pages 438-453, July.
    • Handle: RePEc:bla:ecinqu:v:46:y:2008:i:3:p:438-453
    DOI: 10.1111/j.1465-7295.2007.00099.x
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    References listed on IDEAS

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    1. Davidson, Russell & MacKinnon, James G., 1993. "Estimation and Inference in Econometrics," OUP Catalogue, Oxford University Press, number 9780195060119, Decembrie.
    2. Yamawaki, Hideki, 1985. "Dominant Firm Pricing and Fringe Expansion: The Case of the U.S. Iron and Steel Industry, 1907-1930," The Review of Economics and Statistics, MIT Press, vol. 67(3), pages 429-437, August.
    3. Fishback, Price V & Kantor, Shawn Everett, 1998. "The Adoption of Workers' Compensation in the United States, 1900-1930," Journal of Law and Economics, University of Chicago Press, vol. 41(2), pages 305-341, October.
    4. McCraw, Thomas K. & Reinhardt, Forest, 1989. "Losing to Win: U.S. Steel's Pricing, Investment Decisions, and Market Share, 1901–1938," The Journal of Economic History, Cambridge University Press, vol. 49(3), pages 593-619, September.
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    Cited by:

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    More about this item

    JEL classification:

    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • L61 - Industrial Organization - - Industry Studies: Manufacturing - - - Metals and Metal Products; Cement; Glass; Ceramics
    • N62 - Economic History - - Manufacturing and Construction - - - U.S.; Canada: 1913-
    • N82 - Economic History - - Micro-Business History - - - U.S.; Canada: 1913-

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