The Administered-Price Hypothesis Revisited

David R. Kamerschen and Jae-Hee Park
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David R. Kamerschen: University of Georgia
Jae-Hee Park: University of Georgia

Zagreb International Review of Economics and Business, 1999, vol. 2, issue 2, 39-56

Abstract: The relationship between market structure and firms’ pricing behaviour has been a major and controversial issue in industrial economics. The question of how firms’ pricing behaviour differs across market structures is the focus of the administered-price thesis. In this paper the authors review theories providing rationales for the administered-price thesis and their empirical underpinnings, and methodological controversies concerning price series of differnt industries.

Keywords: administered pricing hypothesis; transaction and list prices; price equation; price rigidity; market structure (search for similar items in EconPapers)
JEL-codes: L11 L21 L60 (search for similar items in EconPapers)
Date: 1999
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