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- W2000804308 abstract "In this paper, we propose a new method to estimate mark-ups over marginal cost at the firm level. This method is based on the identity between the short-run elasticity of output to inputs, the mark-up rate, and the factor shares. We then apply this method to a panel of Japanese firms in 21 industries over 24 years. We have three main results. First, there is strong evidence of imperfect competition in this panel, in which internationally competitive industries show low mark-ups. Second, the mark-up rate differs considerably among firms and its distribution is skewed. Third, the mark-up rate over marginal cost shows strong procyclicality, and its sensitivity is uniform within the industry." @default.
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- W2000804308 date "1999-11-01" @default.
- W2000804308 modified "2023-10-01" @default.
- W2000804308 title "Estimating the mark-up over marginal cost: a panel analysis of Japanese firms 1971–1994" @default.
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- W2000804308 doi "https://doi.org/10.1016/s0167-7187(98)00011-3" @default.
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