Pricing over the cycle
In recent studies, the cyclical behavior of markups is examined, but the role of costs in determining markups is ignored. Here, a pricing equation is estimated that implicitly measures the rate of change in markup as a function of aggregate demand growth, aggregate inflation and industry cost inflat...
| Main Authors: | , |
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| Format: | Journal Article |
| Published: |
Springer Science + Business Media B.V., Formerly Kluwer Academic Publishers B.V.
2001
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| Online Access: | http://hdl.handle.net/20.500.11937/14824 |