Pricing over the cycle
| dc.contributor.author | Bloch, Harry | |
| dc.contributor.author | Olive, Michael | |
| dc.date.accessioned | 2017-01-30T11:46:09Z | |
| dc.date.available | 2017-01-30T11:46:09Z | |
| dc.date.created | 2009-03-05T00:54:53Z | |
| dc.date.issued | 2001 | |
| dc.identifier.citation | Bloch, Harry and Olive, Michael. 2001. Pricing over the cycle. Review of Industrial Organization 19: pp. 99-108. | |
| dc.identifier.uri | http://hdl.handle.net/20.500.11937/14824 | |
| dc.identifier.doi | 10.1023/A:1011148618698 | |
| dc.description.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. | |
| dc.publisher | Springer Science + Business Media B.V., Formerly Kluwer Academic Publishers B.V. | |
| dc.title | Pricing over the cycle | |
| dc.type | Journal Article | |
| dcterms.source.volume | 19 | |
| dcterms.source.startPage | 99 | |
| dcterms.source.endPage | 108 | |
| dcterms.source.issn | 0889938X | |
| dcterms.source.title | Review of Industrial Organization | |
| curtin.note |
The original publication is available at : www.springerlink.com | |
| curtin.accessStatus | Fulltext not available | |
| curtin.faculty | Curtin Business School | |
| curtin.faculty | School of Economics and Finance |