Market Structure and Price Changes in the U.S. Good Manufacturing Industries
Author: Cinthia Mazo-Gluzman
Publisher:
Published: 1996
Total Pages: 262
ISBN-13:
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Author: Cinthia Mazo-Gluzman
Publisher:
Published: 1996
Total Pages: 262
ISBN-13:
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Publisher:
Published: 1986
Total Pages: 25
ISBN-13:
DOWNLOAD EBOOKAuthor: Robert Maisel
Publisher:
Published: 1975
Total Pages: 238
ISBN-13:
DOWNLOAD EBOOKAuthor: Frederic M. Scherer
Publisher:
Published: 1980
Total Pages: 662
ISBN-13:
DOWNLOAD EBOOKAuthor: Vivek Ghosal
Publisher:
Published: 2001
Total Pages: 68
ISBN-13:
DOWNLOAD EBOOKAuthor: Patrick John Smith
Publisher:
Published: 1976
Total Pages: 306
ISBN-13:
DOWNLOAD EBOOKAuthor: Frederic M. Scherer
Publisher:
Published: 1990
Total Pages: 744
ISBN-13:
DOWNLOAD EBOOKThis text has been revised to reflect theoretical, empirical, and policy developments of the past decade. New insights into strategic behaviour from game theory are given attention. The chapters on antitrust policy have been integrated with the related theoretical materials.
Author: Federal Trade Federal Trade Commission
Publisher: CreateSpace
Published: 2015-06-01
Total Pages: 54
ISBN-13: 9781514157275
DOWNLOAD EBOOKThis study develops and tests implications of an oligopoly pricing model. The model involves capacity investments that are made before demand is revealed and pricing decisions that are made after demand is known. The model predicts that during a demand expansion the short run competitive price is a pure strategy Nash equilibrium, but in a recession firms set prices above the competitive price. Thus, price markups over the competitive price are countercyclical. Prices set during a recession are more variable than prices set during expansionary periods, because firms use mixed strategies for prices in recessions. This model is confronted with data from U.S. manufacturing industries. The empirical analysis utilizes a time series switching regime filter to test the unique predictions of the model, namely that (1) price changes are more variable in recessions than in expansions and (2) the form of the distribution of price changes differs between recessionary and expansionary regimes. Fourteen out of fifteen industries have fluctuations consistent with this oligopoly pricing model. The data is also analyzed to compare the predictions of this model with those of an optimal collusion model.
Author: Thomas P. Tyler
Publisher:
Published: 1980
Total Pages: 174
ISBN-13:
DOWNLOAD EBOOKAuthor: Richard E. Caves
Publisher:
Published: 1967
Total Pages: 136
ISBN-13:
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