Cyclical Pricing of Durable Goods
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I examine price markups in monopolisticly-competitive markets that experience fluctuations in demand because the economy experiences cyclical fluctuations in productivity. Markups depend positively on the average income of purchasers in the market. For a nondurable good average income of purchasers
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美国国家经济研究局创建时间：
1989-07-01
