2007
DOI: 10.1162/rest.89.2.335
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A Sectoral Analysis of Price-Setting Behavior in U.S. Manufacturing Industries

Abstract: Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in… Show more

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Cited by 40 publications
(35 citation statements)
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“…Our approach is different from theirs because we partially correct labor share by incorporating labor market frictions and the influence of materials prices, rather than perfectly replacing labor share by the costs of materials. However, Leith and Malley [2007] and our study share the idea that obtaining a better proxy for RMC than labor share is crucial for evaluating the performance of the NKPC. 4 In this study, we do not investigate the mechanism of variations of the desired markup, since this issue is still controversial and it is not clear to which model we should particularly pay attention (see the conclusions of Rotemberg and Woodford (1999)).…”
mentioning
confidence: 70%
“…Our approach is different from theirs because we partially correct labor share by incorporating labor market frictions and the influence of materials prices, rather than perfectly replacing labor share by the costs of materials. However, Leith and Malley [2007] and our study share the idea that obtaining a better proxy for RMC than labor share is crucial for evaluating the performance of the NKPC. 4 In this study, we do not investigate the mechanism of variations of the desired markup, since this issue is still controversial and it is not clear to which model we should particularly pay attention (see the conclusions of Rotemberg and Woodford (1999)).…”
mentioning
confidence: 70%
“…Yet a negative correlation between increase in market concentration measured by HHI and industry profits have been proved (Rhoades, 1995). The relation between HHI and price "stickiness" has also been confirmed (Leith and Malley, 2007).…”
Section: Herfindahl-hirschman Index (Hhi)mentioning
confidence: 86%
“…This result might be explained by the argument of the price rigidity in this industry Petersen, 1986, 1988;Leith and Malley, 2007). …”
Section: Effects Of Product Substitutabilitymentioning
confidence: 94%
“…In addition to the effects of the hypothetical employment only at a reference firm, we now estimate the effects of counterfactual distributions, which is similar to the approach used by Terviö in the current equilibrium, following the free entry condition (32). We derive a new equilibrium under this structure, that is, a new set of the relative aggregate price index, P I 0 , and the mass of firms, N I , using (36) and (37):…”
Section: Impact Of Ceo Talentmentioning
confidence: 99%