Market Structure and Cyclical Fluctuations in U.S. Manufacturing: Comment

David R Kamerschen and Jae-Hee Park

The Review of Economics and Statistics, 1993, vol. 75, issue 4, 732-34

Abstract: R. Ian Domowitz, Glenn Hubbard, and Bruce C. Peterson (1988) estimate industry markups of price over marginal cost and show the influence of market structure on cyclical movements in total factor productivity, using a disaggregate panel data set of 284 four-digit, Standard Industrial Classification industries. In this comment, the authors examine whether Domowitz, Hubbard, and Peterson really estimate what they intend to estimate. Domowitz, Hubbard, and Peterson also claim their 'estimates are not as large as those of Hall.' If it is not clear what they estimate, the comparison is of limited usefulness. Nevertheless, the Domowitz, Hubbard, and Peterson study deserves consideration and contemplation by anyone interested in industrial economics. Copyright 1993 by MIT Press.

Date: 1993
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://links.jstor.org/sici?sici=0034-6535%2819931 ... 0.CO%3B2-S&origin=bc full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

Related works:
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:tpr:restat:v:75:y:1993:i:4:p:732-34

Ordering information: This journal article can be ordered from
https://mitpressjour ... rnal/?issn=0034-6535

Access Statistics for this article

The Review of Economics and Statistics is currently edited by Pierre Azoulay, Olivier Coibion, Will Dobbie, Raymond Fisman, Benjamin R. Handel, Brian A. Jacob, Kareen Rozen, Xiaoxia Shi, Tavneet Suri and Yi Xu

More articles in The Review of Economics and Statistics from MIT Press
Bibliographic data for series maintained by The MIT Press ().