Business Cycles and the Relationship between Concentration and Price-Cost Margins

Using a newly constructed panel data base, we examine changes in price-cost margins in 284 manufacturing industries between 1958 and 1981. A key finding is a dramatic narrowing of the spread between the margins of concentrated and unconcentrated industries over this period. We provide evidence that...

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Veröffentlicht in:	The Rand journal of economics 1986-04, Vol.17 (1), p.1-17
Hauptverfasser:	Domowitz, Ian, Hubbard, R. Glenn, Petersen, Bruce C.
Format:	Artikel
Sprache:	eng
Schlagworte:	Aggregate demand Business cycles Competition Costs Demand change Econometrics Economic concentration Economic fluctuations Import competition Imports Industrial concentration Industrial cycles Industrial economics Industrial market Industry Marginal analysis Mathematical models Oligopolies Prices Regression analysis Studies
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