Capital quasi-fixity and the estimation of markups

Hervé Boulhol ()
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Hervé Boulhol: IXIS-CIB - Corporate Investment Bank, TEAM - Théories et Applications en Microéconomie et Macroéconomie - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique

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Abstract: The treatment of capital costs, as either fixed or variable, is key for estimating markups. Data leans clearly towards fixity, which explains the high markups emphasized in previous studies based on Roeger's methodology. Direct estimation from the ratio of output over variable costs is preferable.

Keywords: imperfect competition; capital fixity; markups; Mark-ups; fixité du capital; concurrence imparfaite (search for similar items in EconPapers)
Date: 2004-12
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00193298
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Published in 2004

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