{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,10,1]],"date-time":"2026-10-01T06:44:58Z","timestamp":1790837098746,"version":"4.1.0"},"reference-count":74,"publisher":"Wiley","issue":"1","license":[{"start":{"date-parts":[[2011,8,25]],"date-time":"2011-08-25T00:00:00Z","timestamp":1314230400000},"content-version":"vor","delay-in-days":0,"URL":"http:\/\/onlinelibrary.wiley.com\/termsAndConditions#vor"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["J of Applied Econometrics"],"published-print":{"date-parts":[[2013,1]]},"abstract":"<jats:title>SUMMARY<\/jats:title>\n                  <jats:p>Consistent with two models of imperfect competition in the labor market\u2014the efficient bargaining model and the monopsony model\u2014we provide two extensions of a microeconomic version of Hall's framework for estimating price\u2010cost margins. We show that both product and labor market imperfections generate a wedge between factor elasticities in the production function and their corresponding shares in revenue, which can be characterized by a \u2018joint market imperfections parameter\u2019. Using an unbalanced panel of 10,646 French firms in 38 manufacturing industries over the period 1978\u20132001, we can classify these industries into six different regimes depending on the type of competition in the product and the labor market. By far the most predominant regime is one of imperfect competition in the product market and efficient bargaining in the labor market (IC\u2010EB), followed by a regime of imperfect competition in the product market and perfect competition or right\u2010to\u2010manage bargaining in the labor market (IC\u2010PR), and by a regime of perfect competition in the product market and monopsony in the labor market (PC\u2010MO). For each of these three predominant regimes, we assess within\u2010regime firm differences in the estimated average price\u2010cost mark\u2010up and rent sharing or labor supply elasticity parameters, following the Swamy methodology to determine the degree of true firm dispersion. To assess the plausibility of our findings in the case of the dominant regime (IC\u2010EB), we also relate our industry and firm\u2010level estimates of price\u2010cost mark\u2010up and extent of rent sharing to industry characteristics and firm\u2010specific variables respectively. Copyright \u00a9 2011 John Wiley &amp; Sons, Ltd.<\/jats:p>","DOI":"10.1002\/jae.1256","type":"journal-article","created":{"date-parts":[[2011,8,31]],"date-time":"2011-08-31T21:42:26Z","timestamp":1314826946000},"page":"1-46","source":"Crossref","is-referenced-by-count":89,"title":["Panel data estimates of the production function and product and labor market imperfections"],"prefix":"10.1002","volume":"28","author":[{"given":"Sabien","family":"Dobbelaere","sequence":"first","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Jacques","family":"Mairesse","sequence":"additional","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"311","published-online":{"date-parts":[[2011,8,25]]},"reference":[{"key":"e_1_2_9_2_1","doi-asserted-by":"publisher","DOI":"10.1007\/s10290-009-0003-8"},{"key":"e_1_2_9_3_1","doi-asserted-by":"publisher","DOI":"10.1016\/S1573-4412(07)06063-1"},{"key":"e_1_2_9_4_1","doi-asserted-by":"publisher","DOI":"10.1016\/0304-4076(77)90006-9"},{"key":"e_1_2_9_5_1","doi-asserted-by":"publisher","DOI":"10.2307\/2297968"},{"key":"e_1_2_9_6_1","doi-asserted-by":"crossref","unstructured":"ArellanoM BonhommeS.2009.Identifying distributional characteristics in random coefficients panel data models. CEMMAP working paper CWP22\/09.","DOI":"10.1920\/wp.cem.2009.2209"},{"key":"e_1_2_9_7_1","first-page":"28","article-title":"Length of life of equipment in French manufacturing industries","volume":"30","author":"Atkinson M","year":"1978","journal-title":"Annales de l'INSEE"},{"issue":"1","key":"e_1_2_9_8_1","first-page":"272","article-title":"The profit rate as a measure of monopoly power","volume":"55","author":"Bain JS","year":"1941","journal-title":"Quarterly Journal of Economics"},{"key":"e_1_2_9_9_1","doi-asserted-by":"publisher","DOI":"10.1111\/j.1467-8543.1991.tb00253.x"},{"key":"e_1_2_9_10_1","doi-asserted-by":"publisher","DOI":"10.1111\/1468-0297.00427"},{"key":"e_1_2_9_11_1","doi-asserted-by":"publisher","DOI":"10.1257\/0895330027300"},{"key":"e_1_2_9_12_1","doi-asserted-by":"publisher","DOI":"10.1162\/00335530360698450"},{"key":"e_1_2_9_13_1","doi-asserted-by":"publisher","DOI":"10.1080\/07474930008800475"},{"key":"e_1_2_9_14_1","doi-asserted-by":"publisher","DOI":"10.2307\/2556001"},{"issue":"1","key":"e_1_2_9_15_1","first-page":"86","article-title":"Monopsony in the labor market","volume":"35","author":"Boal WM","year":"1997","journal-title":"Journal of Economic Literature"},{"key":"e_1_2_9_16_1","volume-title":"The Economics of the Trade Union","author":"Booth A","year":"1995"},{"key":"e_1_2_9_17_1","doi-asserted-by":"publisher","DOI":"10.1111\/j.1467-8543.2009.00760.x"},{"key":"e_1_2_9_18_1","doi-asserted-by":"publisher","DOI":"10.1016\/0022-1996(85)90006-6"},{"key":"e_1_2_9_19_1","doi-asserted-by":"publisher","DOI":"10.1016\/S1573-448X(89)02005-4"},{"key":"e_1_2_9_20_1","doi-asserted-by":"publisher","DOI":"10.1007\/s10290-006-0066-8"},{"key":"e_1_2_9_21_1","doi-asserted-by":"publisher","DOI":"10.2307\/2950498"},{"key":"e_1_2_9_22_1","doi-asserted-by":"publisher","DOI":"10.2307\/2527292"},{"key":"e_1_2_9_23_1","doi-asserted-by":"publisher","DOI":"10.2307\/2233814"},{"key":"e_1_2_9_24_1","doi-asserted-by":"publisher","DOI":"10.1111\/j.1467-9485.1993.tb00648.x"},{"key":"e_1_2_9_25_1","doi-asserted-by":"publisher","DOI":"10.2307\/2098437"},{"key":"e_1_2_9_26_1","unstructured":"Cr\u00e9ponB DesplatzR MairesseJ.1999.Estimating price\u2010cost margins scale economies and workers' bargaining power at the firm level. CREST Working Paper G9917 Centre de Recherche en Economie et Statistique."},{"key":"e_1_2_9_27_1","first-page":"585","article-title":"Price\u2010cost margins and rent sharing: Evidence from a panel of French manufacturing firms","volume":"79","author":"Cr\u00e9pon B","year":"2005","journal-title":"Annales d'Economie et de Statistique"},{"key":"e_1_2_9_28_1","doi-asserted-by":"publisher","DOI":"10.1016\/j.ijindorg.2004.10.003"},{"key":"e_1_2_9_29_1","doi-asserted-by":"crossref","unstructured":"DobbelaereS MairesseJ.2010.Micro\u2010evidence on rent sharing from different perspectives. NBER Working Paper 16220 National Bureau of Economic Research.","DOI":"10.2139\/ssrn.1587564"},{"key":"e_1_2_9_30_1","doi-asserted-by":"publisher","DOI":"10.2307\/2527127"},{"key":"e_1_2_9_31_1","doi-asserted-by":"publisher","DOI":"10.1093\/oep\/gpi052"},{"key":"e_1_2_9_32_1","doi-asserted-by":"publisher","DOI":"10.1111\/1467-9914.00168"},{"key":"e_1_2_9_33_1","doi-asserted-by":"publisher","DOI":"10.1257\/aer.98.1.394"},{"key":"e_1_2_9_34_1","doi-asserted-by":"publisher","DOI":"10.1017\/CCOL0521633230.006"},{"key":"e_1_2_9_35_1","doi-asserted-by":"publisher","DOI":"10.1086\/261570"},{"key":"e_1_2_9_36_1","volume-title":"The Theory of Wages","author":"Hicks JR","year":"1932"},{"key":"e_1_2_9_37_1","doi-asserted-by":"publisher","DOI":"10.2307\/2284029"},{"key":"e_1_2_9_38_1","doi-asserted-by":"publisher","DOI":"10.2307\/2233379"},{"key":"e_1_2_9_39_1","doi-asserted-by":"publisher","DOI":"10.2307\/1928432"},{"key":"e_1_2_9_40_1","doi-asserted-by":"publisher","DOI":"10.1016\/j.ijindorg.2008.11.002"},{"key":"e_1_2_9_41_1","doi-asserted-by":"publisher","DOI":"10.1002\/(SICI)1099-1255(199607)11:4<343::AID-JAE404>3.0.CO;2-4"},{"key":"e_1_2_9_42_1","doi-asserted-by":"publisher","DOI":"10.1016\/0022-1996(79)90017-5"},{"key":"e_1_2_9_43_1","volume-title":"Specification Searches: Ad Hoc Inference with Nonexperimental Data","author":"Leamer EE","year":"1978"},{"key":"e_1_2_9_44_1","doi-asserted-by":"publisher","DOI":"10.1016\/0022-1996(93)90002-F"},{"key":"e_1_2_9_45_1","unstructured":"LevinsohnJ MelitzMJ.2006.Productivity in a differentiated products market equilibrium. Manuscript Princeton University."},{"key":"e_1_2_9_46_1","volume-title":"A Guide to Applying Time Series Models to Panel Data","author":"MaCurdy T","year":"1985"},{"key":"e_1_2_9_47_1","first-page":"192","volume-title":"Essays in Honor of Edmond Malinvaud","author":"Mairesse J","year":"1990"},{"key":"e_1_2_9_48_1","doi-asserted-by":"publisher","DOI":"10.1111\/j.1467-9442.2005.00431.x"},{"key":"e_1_2_9_49_1","doi-asserted-by":"publisher","DOI":"10.2307\/20076386"},{"key":"e_1_2_9_50_1","doi-asserted-by":"publisher","DOI":"10.1515\/9781400850679"},{"key":"e_1_2_9_51_1","doi-asserted-by":"publisher","DOI":"10.2307\/1905432"},{"key":"e_1_2_9_52_1","volume-title":"Advanced Industrial Economics","author":"Martin S","year":"1993"},{"issue":"5","key":"e_1_2_9_53_1","first-page":"896","article-title":"Wage bargaining and employment","volume":"71","author":"McDonald IM","year":"1981","journal-title":"American Economic Review"},{"key":"e_1_2_9_54_1","unstructured":"MelitzMJ.2000.Estimating firm\u2010level productivity in differentiated product industries. Manuscript Harvard University."},{"key":"e_1_2_9_55_1","doi-asserted-by":"publisher","DOI":"10.2307\/1913810"},{"key":"e_1_2_9_56_1","doi-asserted-by":"publisher","DOI":"10.1111\/j.1467-6451.2006.00292.x"},{"key":"e_1_2_9_57_1","doi-asserted-by":"publisher","DOI":"10.1016\/S0927-5371(99)00005-6"},{"key":"e_1_2_9_58_1","doi-asserted-by":"publisher","DOI":"10.1093\/oxfordjournals.oep.a041610"},{"key":"e_1_2_9_59_1","doi-asserted-by":"publisher","DOI":"10.2307\/2098637"},{"key":"e_1_2_9_60_1","unstructured":"OECD.2005. OECD Science Technology and Industry Scoreboard 2005. Organisation for Economic Co\u2010operation and Development. Available:www.oecd.org\/sti\/scoreboard[7 June 2011]."},{"key":"e_1_2_9_61_1","volume-title":"The Economics of Welfare","author":"Pigou AC","year":"1924"},{"key":"e_1_2_9_62_1","doi-asserted-by":"publisher","DOI":"10.2307\/1880679"},{"key":"e_1_2_9_63_1","doi-asserted-by":"publisher","DOI":"10.2307\/41165897"},{"key":"e_1_2_9_64_1","volume-title":"xtabond2: Stata module to extend xtabond dynamic panel data estimator","author":"Roodman D","year":"2005"},{"key":"e_1_2_9_65_1","doi-asserted-by":"publisher","DOI":"10.1016\/S1573-4412(84)02006-7"},{"key":"e_1_2_9_66_1","doi-asserted-by":"publisher","DOI":"10.1016\/S1573-448X(89)02004-2"},{"key":"e_1_2_9_67_1","doi-asserted-by":"publisher","DOI":"10.2307\/1926047"},{"key":"e_1_2_9_68_1","doi-asserted-by":"crossref","unstructured":"StaigerD SpetzJ PhibbsC.1999.Is there monopsony in the labor market? Evidence from a natural experiment. NBER Working Paper 7258. National Bureau of Economic Research.","DOI":"10.3386\/w7258"},{"key":"e_1_2_9_69_1","doi-asserted-by":"publisher","DOI":"10.1086\/467192"},{"key":"e_1_2_9_70_1","volume-title":"Sunk Costs and Market Structure","author":"Sutton J","year":"1991"},{"key":"e_1_2_9_71_1","volume-title":"Technology and Market Structure","author":"Sutton J","year":"1998"},{"key":"e_1_2_9_72_1","doi-asserted-by":"publisher","DOI":"10.2307\/1913012"},{"key":"e_1_2_9_73_1","unstructured":"SyversonC.2010.What determines productivity?NBER Working Paper 15712. National Bureau of Economic Research."},{"key":"e_1_2_9_74_1","unstructured":"WindmeijerF.2010.What's the point of class? Random coefficients versus latent class models. In2010 International Conference on Panel Data."},{"key":"e_1_2_9_75_1","volume-title":"Econometric analysis of cross sections and panel data","author":"Woolridge J","year":"2002"}],"container-title":["Journal of Applied Econometrics"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/api.wiley.com\/onlinelibrary\/tdm\/v1\/articles\/10.1002%2Fjae.1256","content-type":"unspecified","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/onlinelibrary.wiley.com\/doi\/pdf\/10.1002\/jae.1256","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2023,10,8]],"date-time":"2023-10-08T16:45:51Z","timestamp":1696783551000},"score":1,"resource":{"primary":{"URL":"https:\/\/onlinelibrary.wiley.com\/doi\/10.1002\/jae.1256"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2011,8,25]]},"references-count":74,"journal-issue":{"issue":"1","published-print":{"date-parts":[[2013,1]]}},"alternative-id":["10.1002\/jae.1256"],"URL":"https:\/\/doi.org\/10.1002\/jae.1256","archive":["Portico"],"relation":{},"ISSN":["0883-7252","1099-1255"],"issn-type":[{"value":"0883-7252","type":"print"},{"value":"1099-1255","type":"electronic"}],"subject":[],"published":{"date-parts":[[2011,8,25]]}}}