Kiyota, Kozo; Nakajima, Takanobu; Nishimura, Kiyohiko G. - In: Industrial and Corporate Change 18 (2009) 3, pp. 381-414
This article presents a new simple econometric framework for the estimation of individual firms' markup over their marginal cost, taking account of firm heterogeneity, demand-driven cyclical price changes, and the limited availability of firm-level information. The framework is applied to study...