Pricing over the cycle
Access Status
Authors
Date
2001Type
Metadata
Show full item recordCitation
Source Title
ISSN
Faculty
Remarks
The original publication is available at : www.springerlink.com
Collection
Abstract
In recent studies, the cyclical behavior of markups is examined, but the role of costs in determining markups is ignored. Here, a pricing equation is estimated that implicitly measures the rate of change in markup as a function of aggregate demand growth, aggregate inflation and industry cost inflation. Results for 21 two-digit SIC industries in the U.S. over 1948 to 1979 show incomplete pass-through from cost into price, implying a negative relationship between cost and the markup. Aggregate inflation positively influences prices and markups. Aggregate demand negatively influences prices and markups in highly concentrated industries, but not otherwise.
Related items
Showing items related by title, author, creator and subject.
-
Amin, Uzma ; Hossain, M. J.; Fernandez, E. (2019)Optimizing the scheduling of heating, ventilation, and air-conditioning (HVAC) systems in multizone buildings is a challenging task, as occupants in various zones have different thermal preferences dependent on time-varying ...
-
Olatunji, Oluwole (2010)Construction costs in Nigeria are often high and unpredictable. The pattern of variability is not explained byinflationary indices of common goods and services, but rather it is reactive to boom-and-burst shocks that ...
-
Amin, Uzma ; Hossain, M.J.; Fernandez, E.; Mahmud, K.; Tiezheng, G. (2019)This paper proposes an approach to categorize electricity suppliers (ESs) for energy trading between ESs and a single aggregator. A principal-agents game model is developed to model the interactions between an aggregator ...