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Item Details
| Title:
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PRICE AND MARKUP BEHAVIOUR IN MANUFACTURING
A CROSS COUNTRY STUDY |
| By: |
Michael Olive |
| Format: |
Hardback |
| List price:
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£94.00 |
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We currently do not stock this item, please contact the publisher directly for
further information.
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| ISBN 10: |
1840647302 |
| ISBN 13: |
9781840647303 |
| Publisher: |
EDWARD ELGAR PUBLISHING LTD |
| Pub. date: |
27 March, 2002 |
| Pages: |
168 |
| Description: |
Here, the author studies manufacturers' policies regarding pricing and marking up in several countries around the world. He estimates domestic and foreign influences on pricing in 24 manufacturing industries over 11 industrial countries, using data covering worldwide inflation from 1970 to 1991. |
| Synopsis: |
Price and Markup Behaviour in Manufacturing examines the role that cost, competing domestic and foreign prices, domestic demand and market structure play in determining the price and markup of manufacturing firms across a range of countries and industries. Michael Olive models imperfectly competitive behaviour at the firm level, establishing logical relationships between these variables. Aggregating these relationships gives predictions for price and markup at the industry level.Empirical analysis is carried out by estimating a pricing equation for 11 industrialised countries in Asia, Europe and North America, and for 24 International Standard Industrial Classification industries from 1970 to 1991. The results exhibit a pattern of incomplete pass-through from competing foreign price into industry price and markups that are not fixed. The author illustrates that for higher levels of industry concentration cost becomes less influential in determining industry price, while the opposite is true for competing domestic and foreign prices. This comprehensive and thorough examination of the literature on pricing, the innovative model development and the comparative analysis in this study will be of great interest to government policymakers and academics wanting to keep abreast of new developments in the area of pricing and markup. |
| Publication: |
UK |
| Imprint: |
Edward Elgar Publishing Ltd |
| Returns: |
Returnable |
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