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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.

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  • 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. Nishimura, Kiyohiko G. & Ohkusa, Yasushi & Ariga, Kenn, 1999. "Estimating the mark-up over marginal cost: a panel analysis of Japanese firms 1971-1994," International Journal of Industrial Organization, Elsevier, vol. 17(8), pages 1077-1111, November.
    3. Hart, Robert A. & Malley, James R., 2000. "Marginal cost and price over the business cycle: comparative evidence from Japan and the United States," European Journal of Political Economy, Elsevier, vol. 16(3), pages 547-569, September.
    4. Bellak, Christian, 1992. "Towards A Flexible Concept of Competitiveness," Department of Economics Working Paper Series 13, WU Vienna University of Economics and Business.
    5. Marcin Pracz & Rod Tyers, 2006. "Strategic Interaction amongst Australia’s East Coast Ports," ANU Working Papers in Economics and Econometrics 2006-471, Australian National University, College of Business and Economics, School of Economics.
    6. Yosuke Okada, 2005. "Competition and Productivity in Japanese Manufacturing Industries," NBER Working Papers 11540, National Bureau of Economic Research, Inc.
    7. 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.
    8. Ariga, Kenn & Ohkusa, Yasushi, 1998. "Price flexibility in Japan, 1970-1992: A study of price formation1," International Journal of Industrial Organization, Elsevier, vol. 16(5), pages 639-664, September.
    9. Mario Tello, 1992. "Precios relativos, producción interna y exportaciones en modelos de competencia imperfecta doméstica y mercados segmentados," Documentos de Trabajo / Working Papers 1992-107, Departamento de Economía - Pontificia Universidad Católica del Perú.
    10. Ariga, Kenn & Ohkusa, Yasushi & Nishimura, Kiyohiko G., 1999. "Determinants of Individual-Firm Markup in Japan: Market Concentration, Market Share, and FTC Regulations," Journal of the Japanese and International Economies, Elsevier, vol. 13(4), pages 424-450, December.

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