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Firm's pricing policy and efficiency wages

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  • Mikael Linden

Abstract

The basic efficiency wage model is analysed with real wages and cost pricing firm. The Solow condition implies that the effort wage output price elasticity is zero. Some empirical evidence from the US crude petroleum and natural gas industry and a sample of Finnish manufacturing industries does not reject this result.

Suggested Citation

  • Mikael Linden, 1998. "Firm's pricing policy and efficiency wages," Applied Economics Letters, Taylor & Francis Journals, vol. 5(12), pages 781-784.
    • Handle: RePEc:taf:apeclt:v:5:y:1998:i:12:p:781-784
    DOI: 10.1080/135048598354023
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    References listed on IDEAS

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    1. Appelbaum, Elie, 1979. "Testing price taking behavior," Journal of Econometrics, Elsevier, vol. 9(3), pages 283-294, February.
    2. Agell, Jonas & Lundborg, Per, 1995. "Fair Wages in the Open Economy," Economica, London School of Economics and Political Science, vol. 62(247), pages 335-351, August.
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