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Interpreting Markups in Spanish Manufacturing: The Exponential Model

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Corchón, Luis C. and Moreno Martín, Lourdes (2010) Interpreting Markups in Spanish Manufacturing: The Exponential Model. In Equilibrium Theory for Cournot Oligopolies and Related Games: Essays in Honour of Koji Okuguchi. Springer Series in Game Theory . Springer. ISBN 978-3-319-29253-3

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Official URL: https://link.springer.com/chapter/10.1007/978-3-319-29254-0_9



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.


Item Type:Book Section
Additional Information:

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.

Uncontrolled Keywords:Spanish Manufacturing
Subjects:Social sciences > Economics > Industrial organization
ID Code:11517
Deposited On:22 Nov 2010 09:26
Last Modified:14 Jul 2017 12:40

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