PRICING BEHAVIOR IN UNITED-STATES MANUFACTURING-INDUSTRIES - A STATISTICAL STUDY USING DISAGGREGATED DATA

被引:7
|
作者
CAUCUTT, EM [1 ]
GHOSH, M [1 ]
KELTON, CML [1 ]
机构
[1] UNIV MINNESOTA,CARLSON SCH MANAGEMENT,DEPT MKT & LOGIST MANAGEMENT,MINNEAPOLIS,MN 55455
关键词
RELATIVE PRICE VARIABILITY; MARKET CONCENTRATION; ADMINISTERED PRICING; PRODUCT DURABILITY; INPUT-PRICE PASS-THROUGH;
D O I
10.1007/BF01026583
中图分类号
F [经济];
学科分类号
02 ;
摘要
We investigate the relationship between industrial market structure and price flexibility (the administered-pricing hypothesis) across United States manufacturing industries by embedding market-structure variables in a model relating relative price variability (dispersion) and inflation. While we find support for a positive relationship between variability and inflation, we do not find that high seller concentration lessens the impact of inflation on price variability. We do find that the larger the efficient-sized plant, the lower the impact of inflation on variability. We also find strong effects of input prices and degree of product durability on relative price variability.
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页码:745 / 772
页数:28
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