The Timing of Purchases, Market Power, and Economic Fluctuations

Jonathan Parker

Working papers from Wisconsin Madison - Social Systems

Abstract: This paper analyzes a market in which sellers have power market and set price taking into account the ability of buyers to time their purchases. I demonstrate that expected fluctuations in demand are inherently fluctuations in the elasticity of demand, leading to smaller markups on the up-side of booms.

Keywords: PRICING; DEMAND; FLUCTUATIONS (search for similar items in EconPapers)
JEL-codes: D40 (search for similar items in EconPapers)
Pages: 33 pages
Date: 1997
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:att:wimass:9723

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