IDEAS home Printed from https://ideas.repec.org/a/taf/intecj/v18y2001i3p353-364.html
   My bibliography  Save this article

Determinants of cyclical properties of the price-cost margin in US manufacturing industries

Author

Listed:
  • In Kwon Lee

Abstract

Supergame theoretical predictions tell that oligopoly pricing may be procyclical or counter-cyclical. Industry by industry analysis shows that the speed of industry growth and the size of fixed cost are crucial in distinguishing characteristically counter-cyclical industries from procyclical industries. Counter-cyclical industries are characterized by high growth of demand and low fixed costs. Procyclical industries are characterized by low growth of demand and high fixed costs.

Suggested Citation

  • In Kwon Lee, 2001. "Determinants of cyclical properties of the price-cost margin in US manufacturing industries," International Economic Journal, Taylor & Francis Journals, vol. 18(3), pages 353-364.
  • Handle: RePEc:taf:intecj:v:18:y:2001:i:3:p:353-364
    DOI: 10.1080/1016873042000270009
    as

    Download full text from publisher

    File URL: http://www.tandfonline.com/doi/abs/10.1080/1016873042000270009
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1080/1016873042000270009?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    JEL Classification: C72; L11; L60; Procyclical industries; counter-cyclical industries; price-cost margin; growth rate of demand; fixed cost;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General

    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:taf:intecj:v:18:y:2001:i:3:p:353-364. 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: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RIEJ20 .

    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.