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Price Mark-Ups, Market Structure, and Business Fluctuation in Japanese Manufacturing Industries

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  • Odagiri, Hiroyuki
  • Yamashita, Takashi

Abstract

Howard Wach tel and Peter Adelsheim_(1977) and Keith Cowling_(1983) have argued that firms in concentrated industries tend to increase their price mark-ups in recession. This hypothesis is variously tested for Japanese manufacturing industries in 1958-82. Most of the results weakly suggest an effect opposite to Wachtel and Adelsheim and only when industry-specific business conditions are taken into account, is some, albeit weak, evidence found in favor of them. Copyright 1987 by Blackwell Publishing Ltd.

Suggested Citation

  • Odagiri, Hiroyuki & Yamashita, Takashi, 1987. "Price Mark-Ups, Market Structure, and Business Fluctuation in Japanese Manufacturing Industries," Journal of Industrial Economics, Wiley Blackwell, vol. 35(3), pages 317-331, March.
  • Handle: RePEc:bla:jindec:v:35:y:1987:i:3:p:317-31
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    Cited by:

    1. Sabien Dobbelaere & Jacques Mairesse, 2013. "Panel data estimates of the production function and product and labor market imperfections," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 28(1), pages 1-46, January.
    2. Yosuke Okada, 2005. "Competition and Productivity in Japanese Manufacturing Industries," NBER Working Papers 11540, National Bureau of Economic Research, Inc.
    3. Flavio M. Menezes & Marcin Pracz & Rod Tyers, 2007. "Strategic Interaction amongst Australia's East Coast Ports," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 40(3), pages 267-278, September.
    4. Okada, Yosuke, 2005. "Competition and productivity in Japanese manufacturing industries," Journal of the Japanese and International Economies, Elsevier, vol. 19(4), pages 586-616, December.

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