Capital Market Imperfections and Countercyclical Markups: Theory and Evidence
收藏NBER1994-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w4614
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资源简介：
During recessions, output prices tend to rise relative to wages and raw-materials prices. One explanation of this fact is that imperfectly competitive firms compete less aggressively during recessions - that is, markups of price over marginal cost are countercyclical. We present a model in which
提供机构：
美国国家经济研究局
创建时间：
1994-01-01
