Price Mark-Ups, Market Structure, and Business Fluctuation in Japanese Manufacturing Industries

Hiroyuki Odagiri and Takashi Yamashita

Journal of Industrial Economics, 1987, vol. 35, issue 3, 317-31

Abstract: Howard Wach tel and Peter Adelsheim_(1977) and Keith Cowling_(1983) have argued that firms in concentrated industries tend to increase their price mark-ups in recession. This hypothesis is variously tested for Japanese manufacturing industries in 1958-82. Most of the results weakly suggest an effect opposite to Wachtel and Adelsheim and only when industry-specific business conditions are taken into account, is some, albeit weak, evidence found in favor of them. Copyright 1987 by Blackwell Publishing Ltd.

Date: 1987
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