Price Mark-Ups, Market Structure, and Business Fluctuation in Japanese Manufacturing Industries.
Howard Wach tel and Peter Adelsheim_(1977) and Keith Cowling_(1983) have argued that firms in concentrated industries tend to increase their price mark-ups in recession. This hypothesis is variously tested for Japanese manufacturing industries in 1958-82. Most of the results weakly suggest an effect opposite to Wachtel and Adelsheim and only when industry-specific business conditions are taken into account, is some, albeit weak, evidence found in favor of them. Copyright 1987 by Blackwell Publishing Ltd.
Year of publication: |
1987
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Authors: | Odagiri, Hiroyuki ; Yamashita, Takashi |
Published in: |
Journal of Industrial Economics. - Wiley Blackwell. - Vol. 35.1987, 3, p. 317-31
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Publisher: |
Wiley Blackwell |
Saved in:
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