Price Mark-Ups, Market Structure, and Business Fluctuation in Japanese Manufacturing Industries
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.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 35 (1987)
Issue (Month): 3 (March)
|Contact details of provider:|| Web page: http://www.blackwellpublishing.com/journal.asp?ref=0022-1821|
|Order Information:||Web: http://www.blackwellpublishing.com/subs.asp?ref=0022-1821|