Articles liés à Cyclical Markups (Classic Reprint): Theories and Evidence
Synopsis
Explore why prices and markups move with the business cycle in this rigorous look at three competing theories. The book examines static monopolistic competition, the customer market model, and implicit collusion, showing how expectations about the future shape pricing strategies in different ways.
Through a clear framework and empirical testing, it explains how researchers measure markup variations and what those measurements reveal about real‑world fluctuations in output and profits. The discussion ties together theory, data, and methods to shed light on how firms set prices in cycles of growth and slowdowns.
- Three models of endogenous markup variation and how they differ in demand and market structure.
- Methods for estimating markups using observable variables and the role of future expectations.
- Evidence that measured markups tend to be countercyclical under plausible parameter values.
- How to interpret these results in light of different driving forces behind business cycles.
Ideal for readers of economic theory and empirical work on pricing, fluctuations, and competition.
Cyclical Markups: Theories and Evidence.
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Cyclical Markups: Theories and Evidence (Classic Reprint)
impression à la demandeVendeur : Forgotten Books, London, Royaume-Uni
Évaluation du vendeur 5 sur 5 étoiles
Paperback. Etat : New. Print on Demand. This book argues that cyclical markupsâ"the difference between the price of a good and its marginal cost of productionâ"play a critical role in macroeconomic fluctuations. The author utilizes three leading models of endogenous markup variation to explain fluctuations in real wages at business cycle frequencies. The first model assumes the elasticity of demand for a representative firm varies over the business cycle, while the second model is based on the customer market model. The third model is based on the model of implicit collusion. The author incorporates decreasing average costs by allowing for fixed costs and shows that this produces a more countercyclical markup. Overall, the book's insights provide evidence that high prices can be a form of investment (an investment in market share) and enhance the understanding of fluctuations in aggregate activity. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. N° de réf. du vendeur 9781332257027_0
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EUR 15,83
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Cyclical Markups Theories and Evidence Classic Reprint
Vendeur : PBShop.store US, Wood Dale, IL, Etats-Unis
Évaluation du vendeur 5 sur 5 étoiles
PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781332257027
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EUR 24,85
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Expédition nationale : Etats-Unis
Expédition nationale : Etats-Unis
Quantité disponible : 15 disponible(s)
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Cyclical Markups Theories and Evidence Classic Reprint
Vendeur : PBShop.store UK, Fairford, GLOS, Royaume-Uni
Évaluation du vendeur 5 sur 5 étoiles
PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781332257027
Acheter neuf
EUR 24,50
Expédition à EUR 3,83
Expédition depuis Royaume-Uni vers Etats-Unis
Expédition depuis Royaume-Uni vers Etats-Unis
Quantité disponible : 15 disponible(s)