IDEAS home Printed from https://ideas.repec.org/a/oup/ecinqu/v25y1987i4p681-94.html
   My bibliography  Save this article

An Extension of Lerner's Monopoly Index for Markets with a Disparity between Long- and Short-run Demand Elasticities

Author

Listed:
  • Justman, Moshe

Abstract

This paper develops a theoretical analysis of steady-state monopoly pricing in markets with a disparity between long- and short-run demand elasticities, based on a separation between the long-run demand schedule and the adjustment process that underlies a ctual demand levels. This sheds light, in a practical context, on the impact of the speed of adjustment and the firm's discount rate on it s equilibrium markup and on the measurement of realized monopoly powe r. An illustrative application of the analysis to existing empirical data supplements the theoretical presentation. Copyright 1987 by Oxford University Press.

Suggested Citation

  • Justman, Moshe, 1987. "An Extension of Lerner's Monopoly Index for Markets with a Disparity between Long- and Short-run Demand Elasticities," Economic Inquiry, Western Economic Association International, vol. 25(4), pages 681-694, October.
    • Handle: RePEc:oup:ecinqu:v:25:y:1987:i:4:p:681-94
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Dobrinsky, Rumen & Korosi, Gabor & Markov, Nikolay & Halpern, Laszlo, 2006. "Price markups and returns to scale in imperfect markets: Bulgaria and Hungary," Journal of Comparative Economics, Elsevier, vol. 34(1), pages 92-110, March.
    2. Rumen Dobrinsky & Gabor Korosi & Nikolay Markov & Laszlo Halpern, 2004. "Firms’ Price Markups and Returns to Scale in Imperfect Markets - Bulgaria and Hungary," CERS-IE WORKING PAPERS 0412, Institute of Economics, Centre for Economic and Regional Studies.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:ecinqu:v:25:y:1987:i:4:p:681-94. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://edirc.repec.org/data/weaaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.