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Market Structure and Cyclical Fluctuations in U.S. Manufacturing: Comment

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  • Kamerschen, David R
  • Park, Jae-Hee

Abstract

R. Ian Domowitz, Glenn Hubbard, and Bruce C. Peterson (1988) estimate industry markups of price over marginal cost and show the influence of market structure on cyclical movements in total factor productivity, using a disaggregate panel data set of 284 four-digit, Standard Industrial Classification industries. In this comment, the authors examine whether Domowitz, Hubbard, and Peterson really estimate what they intend to estimate. Domowitz, Hubbard, and Peterson also claim their 'estimates are not as large as those of Hall.' If it is not clear what they estimate, the comparison is of limited usefulness. Nevertheless, the Domowitz, Hubbard, and Peterson study deserves consideration and contemplation by anyone interested in industrial economics. Copyright 1993 by MIT Press.

Suggested Citation

  • Kamerschen, David R & Park, Jae-Hee, 1993. "Market Structure and Cyclical Fluctuations in U.S. Manufacturing: Comment," The Review of Economics and Statistics, MIT Press, vol. 75(4), pages 732-734, November.
    • Handle: RePEc:tpr:restat:v:75:y:1993:i:4:p:732-34
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    Cited by:

    1. Maman Setiawan & Grigorios Emvalomatis & Alfons Oude Lansink, 2013. "Structure, conduct, and performance: evidence from the Indonesian food and beverages industry," Empirical Economics, Springer, vol. 45(3), pages 1149-1165, December.
    2. D. R. Kamerschen & J. E. Morgan, 2004. "Collusion analysis of the Alabama liquid asphalt market," Applied Economics, Taylor & Francis Journals, vol. 36(7), pages 673-693.

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