IDEAS home Printed from https://ideas.repec.org/a/bla/obuest/v50y1988i3p263-78.html
   My bibliography  Save this article

Price Formation and Market Structure: The Case of the Inter-war Coal Industry

Author

Listed:
  • Henley, Andrew

Abstract

This paper is concerned with the question of whether changes in market structure affect pricing behavior, in the context of the interwar U.K. coal-mining industry. In contrast to previous U.K. studies, the authors use time-series data, allowing them to model the dynamics of price adjustment. The problem of measuring market structure is avoided in this case since legislation in the 1930s established cartels and effectively transformed the coal industry from an atomistic to a monopolistic structure. Subsample estimates are presented for the 1920s and 1930s and it is found that, after controlling for other influences, the price-cost mark-up rises on average by around 12 percentage points as a result of cartelization. Copyright 1988 by Blackwell Publishing Ltd

Suggested Citation

  • Henley, Andrew, 1988. "Price Formation and Market Structure: The Case of the Inter-war Coal Industry," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 50(3), pages 263-278, August.
  • Handle: RePEc:bla:obuest:v:50:y:1988:i:3:p:263-78
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Crafts, Nicholas, 2011. "British Relative Economic Decline Revisited," CEPR Discussion Papers 8384, C.E.P.R. Discussion Papers.
    2. Crafts, Nicholas, 2012. "British relative economic decline revisited: The role of competition," Explorations in Economic History, Elsevier, vol. 49(1), pages 17-29.
    3. Montant, Gil, 2004. "The effectiveness of the Nord-Pas-de-Calais coal cartel during the inter-war period: a research note," Explorations in Economic History, Elsevier, vol. 41(3), pages 300-307, July.

    More about this item

    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:bla:obuest:v:50:y:1988:i:3:p:263-78. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum). General contact details of provider: http://edirc.repec.org/data/sfeixuk.html .

    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 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.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.