Capital quasi-fixity and the estimation of markups

Hervé Boulhol ()
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Hervé Boulhol: IXIS-CIB and TEAM

Cahiers de la Maison des Sciences Economiques from Université Panthéon-Sorbonne (Paris 1)

Abstract: The treatment of capital costs, as either fixed or variable is a key for estimating markups. Data leans clearly towards fixity, which explains the high markups emphasized in previous studies based on Roeger's methodology. Direct estimation from the ratio of output over variable costs is preferable

Keywords: Markups; capital fixity; imperfect competition (search for similar items in EconPapers)
JEL-codes: L11 L13 L60 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2004-12
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