Synopsis
The digital edition of all books may be viewed on our website before purchase. Excerpt from Cyclical Markups: Theories and Evidence (Classic Reprint)
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This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works. This text has been digitally restored from a historical edition. Some errors may persist, however we consider it worth publishing due to the work's historical value.The digital edition of all books may be viewed on our website before purchase.
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Cyclical Markups: Theories and Evidence (Classic Reprint)
impression à la demandeVendeur : Forgotten Books, London, Royaume-Uni
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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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Cyclical Markups Theories and Evidence Classic Reprint
Vendeur : PBShop.store US, Wood Dale, IL, Etats-Unis
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PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781332257027
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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
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