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Interpreting Markups in Spanish Manufacturing: The Exponential Model

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Corchón, Luis C. y Moreno Martín, Lourdes (2010) Interpreting Markups in Spanish Manufacturing: The Exponential Model. [ ] (No publicado)

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URL Oficial: http://eprints.ucm.es/11517/



Resumen

In this paper we attempt to rationalize markups in a sample of Spanish manufacturing by assuming a representative consumer, proft-maximizing firms and constant returns to scale. We find that the standard forms of demand (CES and linear) do not provide a good explanation of markups. In contrast, a model where the representative consumer has an exponential utility function yields results that match data more closely.


Tipo de documento:Documento de trabajo o Informe técnico
Palabras clave:Spanish Manufacturing,
Materias:Ciencias Sociales > Economía > Economía industrial
Título de serie o colección:
Volumen:
Número:
Código ID:11517
Referencias:

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Depositado:22 Nov 2010 09:26
Última Modificación:06 Feb 2014 09:05

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