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data cover the two-digit U.S. manufacturing industries. annually, 1968-86. We find that increases in the high …
Persistent link: https://www.econbiz.de/10012474970
manufacturing industries over the 1952-1986 time period. While there are exceptions, on balance we find that in 1986, estimated … divided in the fourteen industries, but whether positive or negative, in all industries this elasticity increases in absolute …
Persistent link: https://www.econbiz.de/10012475438
In this paper a production theory-based model of firms' markup behavior is constructed. The theoretical structure is based on variants of generalized Leontief cost and expenditure functions. This structure yields a full specification of behavior from which the impacts of both supply and demand...
Persistent link: https://www.econbiz.de/10012476259