Non-Collusive Oligopoly and Business Cycle: Some Further Evidence

Marcelo Resende

Economics Bulletin, 2012, vol. 32, issue 1, 883-893

Abstract: The paper examines the differential exercise of market power over the business cycle in the context of selected sectors in the Canadian manufacturing industry during the 1992-1/2007-4 period. In particular, empirical implications of non-collusive models previously explored by Wilson and Reynolds (2005) are further investigated by considering data for selected disaggregated and homogeneous sectors and is consistent with a multiple regimes formulation. A main implication concerning differential variances for changes in prices in the two demand regimes is partially supported in the investigated sectors.

Keywords: non-collusive oligopoly; business cycle (search for similar items in EconPapers)
JEL-codes: L1 L6 (search for similar items in EconPapers)
Date: 2012-03-15
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