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Downsizing, X-Efficiency. and Social Efficiency


  • Pompermaier, A.


In 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.

Suggested Citation

  • Pompermaier, A., 2000. "Downsizing, X-Efficiency. and Social Efficiency," Faechergruppe Volkswirtschaftlehre 110, University of Hamburg, Institute of Economics.
  • Handle: RePEc:fth:hambec:110

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    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General


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