Capital quasi-fixity and the estimation of markups.

The treatment of capital costs, as either fixed or variable is a key for estimating markups. Data leans clearly towards fixity, which explains the high markups emphasized in previous studies based on Roeger's methodology. Direct estimation from the ratio of output over variable costs is preferable.

MoreLess

Year of publication:	2004-12
Authors:	Boulhol, Hervé
Institutions:	Maison des Sciences Économiques, Université Paris 1 (Panthéon-Sorbonne)
Subject:	Markups \| capital fixity \| imperfect competition

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	application/pdf
Series:	Cahiers de la Maison des Sciences Economiques. - ISSN 1624-0340.
Type of publication:	Book / Working Paper
Notes:	19 pages
Classification:	L11 - Production, Pricing, and Market Structure Size; Size Distribution of Firms ; L13 - Oligopoly and Other Imperfect Markets ; L60 - Industry Studies: Manufacturing. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005510636