The Administered-Price Hypothesis Revisited
AbstractThe relationship between market structure and firms’ pricing behaviour has been a major and controversial issue in industrial economics. The question of how firms’ pricing behaviour differs across market structures is the focus of the administered-price thesis. In this paper the authors review theories providing rationales for the administered-price thesis and their empirical underpinnings, and methodological controversies concerning price series of differnt industries.
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Bibliographic InfoArticle provided by Faculty of Economics and Business, University of Zagreb in its journal Zagreb International Review of Economics and Business.
Volume (Year): 2 (1999)
Issue (Month): 2 (November)
Postal: Zagreb International Review of Economics and Business, Faculty of Economics and Business, Trg J. F. Kennedy 6, 10000 Zagreb, Croatia.
Find related papers by JEL classification:
- L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
- L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
- L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
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