Publication: Interpreting Markups in Spanish Manufacturing: The Exponential Model
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2010-11-02
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Springer
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Abstract
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.
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Este documento se publico en 2016: “Interpreting markups in Spanish manufacturing: the exponential model” (con L.C. Corchón) en Pierre von Mouche and Federico Quartieri (eds.): Equilibrium Theory for Cournot Oligopolies and Related Games: Essays in Honour of Koji Okuguchi, Ed. Springer, 2016. ISBN 978-3-319-29253-3.
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