Mining Surplus: Modeling James A. Schmitz's Link Between Competition and Productivity
James A. Schmitz (2005) documents, in a well-known case study, a dramatic rise in productivity in the U.S. and Canadian iron-ore industry following an increase in competition from Brazil. Prior to the increased competition, the industry was not competitive. Surplus in profits was divided between business and unions. Schmitz attributes the increase in productivity to a change in work practices in the industry, as old negotiated union work rules were abandoned or modified. This research formalizes a mechanism through which a rise in competition can lead to increased productivity in the iron-ore industry.
References listed on IDEAS
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- Thomas J. Holmes & James A. Schmitz, 2010.
"Competition and Productivity: A Review of Evidence,"
Annual Review of Economics,
Annual Reviews, vol. 2(1), pages 619-642, 09.
- Thomas J. Holmes & James A. Schmitz, 2010. "Competition and productivity: a review of evidence," Staff Report 439, Federal Reserve Bank of Minneapolis.
- repec:sae:ilrrev:v:70:y:2017:i:3:p:733-766 is not listed on IDEAS
- Dinlersoz, Emin & Greenwood, Jeremy & Hyatt, Henry R., 2014. "Who Do Unions Target? Unionization over the Life-Cycle of U.S. Businesses," IZA Discussion Papers 8416, Institute for the Study of Labor (IZA).
- Jeremy Greenwood & Henry Hyatt & Emin Dinlersoz, 2014. "Who do Unions Target? Unionization over the Life-Cycle of U.S. Businesses," 2014 Meeting Papers 62, Society for Economic Dynamics.
- Emin Dinlersoz & Jeremy Greenwood & Henry Hyatt, 2014. "Who Do Unions Target? Unionization Over The Life-Cycle Of U.S. Businesses," Working Papers 14-09r, Center for Economic Studies, U.S. Census Bureau, revised Jun 2014.
- Emin Dinlersoz & Jeremy Greenwood & Henry Hyatt, 2014. "Who do Unions Target? Unionization over the Life-Cycle of U.S. Businesses," NBER Working Papers 20151, National Bureau of Economic Research, Inc.
- Emin Dinlersoz & Jeremy Greenwood & Henry Hyatt, 2017. "What Businesses Attract Unions? Unionization over the Life Cycle of U.S. Establishments," ILR Review, Cornell University, ILR School, vol. 70(3), pages 733-766, May.
- Emin Dinlersoz & Henry Hyatt & Jeremy Greenwood, 2014. "What Businesses Attract Unions? Unionization over the Life-Cycle of U.S. Establishments," Economie d'Avant Garde Research Reports 24, Economie d'Avant Garde.
- Emin Dinlersoz & Jeremy Greenwood & Henry Hyatt, 2016. "What Businesses Attract Unions? Unionization over the Life-Cycle of U.S. Establishments," RCER Working Papers 595, University of Rochester - Center for Economic Research (RCER).
- James A. Schmitz Jr., 2005. "What Determines Productivity? Lessons from the Dramatic Recovery of the U.S. and Canadian Iron Ore Industries Following Their Early 1980s Crisis," Journal of Political Economy, University of Chicago Press, vol. 113(3), pages 582-625, June.
- James A. Schmitz, 2005. "What determines productivity? lessons from the dramatic recovery of the U.S. and Canadian iron-ore industries following their early 1980s crisis," Staff Report 286, Federal Reserve Bank of Minneapolis.
- Harold L. Cole & Lee E. Ohanian, 2004. "New Deal Policies and the Persistence of the Great Depression: A General Equilibrium Analysis," Journal of Political Economy, University of Chicago Press, vol. 112(4), pages 779-816, August.
- Harold L. Cole & Lee E. Ohanian, 2001. "New Deal policies and the persistence of the Great Depression: a general equilibrium analysis," Working Papers 597, Federal Reserve Bank of Minneapolis.
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