Borraz, Fernando; Licandro Ferrando, Gerardo; Sola, Daniela - In: Journal of applied economics 23 (2020) 1, pp. 560-582
This paper presents new evidence on wage and price setting based on a survey of more than 300 Uruguayan firms in 2013. Most of the firms set prices considering costs and adding a profit margin; therefore, they have some degree of market power. The evidence indicates that price increases appear...
