The business cycle, market structure and mark-ups: an Indian case study

The new industrial organization theories as applied to macroeconomics predict that the relationship between the business cycle and profit mark-up is mediated by market structure. This prediction is tested using panel data on Indian manufacturing and evidence is found to support the above proposition. In particular, it is found that mark-ups are more counter-cyclical in concentrated industries.

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Year of publication:	2000
Authors:	Chand, Satish ; Sen, Kunal
Published in:	Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 7.2000, 4, p. 251-254
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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