Mark-ups, industry structure and the business cycle

Christoph Weiss

Applied Economics Letters, 2000, vol. 7, issue 3, 189-191

Abstract: Information on the primal and dual productivity measure is used to estimate industry mark-ups for 4-digit US manufacturing industries. Investigating the relationship between these estimates and various industry characteristics as well as their cyclical movements, it is found that mark-ups are significantly higher in concentrated and capital-intensive industries with high growth rates and advertising-to-sales ratios. In contrast to previous research, significant differences inmark-ups over the business cycle are not found. It is argued that the procyclicality of margins reported in earlier studies might be caused by the (false) assumption of identical average and marginal costs.

Date: 2000
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.informaworld.com/openurl?genre=article& ... 40C6AD35DC6213A474B5 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Mark-ups, industry structure and the business cycle (1999)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:7:y:2000:i:3:p:189-191

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEL20

DOI: 10.1080/135048500351771

Access Statistics for this article

Applied Economics Letters is currently edited by Anita Phillips

More articles in Applied Economics Letters from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().