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MARKTMACHT, GEWERKSCHAFTEN UND LOHNHÖHE IN DER INDUSTRIE DER BUNDESREPUBLIK DEUTSGHLAND (1980)

Neumann, Manfred ; Und, Ingo BÖbel ; Haid, Alfred

Oxford, UK : Blackwell Publishing Ltd

Kyklos 33 (1980), S. 0

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ISSN: 1467-6435

Source: Blackwell Publishing Journal Backfiles 1879-2005

Topics: Sociology , Economics

Notes: Interindustrial wage differences in West Germany are explained by trade unions’ pressure (unionism, strike intensity), sellers’ market power (concentration, profits, vertical integration, cartels, and international trade), and fluctuations among labour force. The inverse relationship between concentration and wages can, theoretically, be traced back to monopoly and it is suggested that concentration should primarily be considered as an indicator of monopoly power. Vertical integration of successive stages of production within a single firm appears to entail efficiency gains on balance whereas in the case of cartels of the kind permitted in West Germany, monopolizing and efficiency raising effects appear to just cancel.

Type of Medium: Electronic Resource

URL: http://dx.doi.org/10.1111/j.1467-6435.1980.tb02633.x

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Market structure and the labour market in West German industries — A contribution towards interpreting the structure-performance relationship (1981)

Neumann, M. ; Böbel, I. ; Haid, A.

Springer

Journal of economics 41 (1981), S. 97-109

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ISSN: 1617-7134

Source: Springer Online Journal Archives 1860-2000

Topics: Economics

Notes: Conclusion Concerning the interpretation of the positive association between seller concentration and profitability we suggest that concentration should primarily be considered as an indicator of monopoly power. This proposition is based on the finding of an inverse relationship between concentration and wages which, theoretically, can be traced back to monopoly. By the same standard of evaluation, vertical integration of successive stages of production within a single firm appears to yield efficiency gains on balance whereas in the case of cartels of the kind permitted in West Germany monopolizing and efficiency raising effects appear to just cancel.