Capital quasi-fixity and the estimation of markups

The treatment of capital costs, as either fixed or variable, is 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.

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Year of publication:	2004-12
Authors:	Boulhol, Hervé
Institutions:	HAL
Subject:	Markups \| capital fixity \| imperfect competition

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Extent:	application/pdf
Series:	Post-Print.
Type of publication:	Book / Working Paper
Notes:	View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00193298
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010750894