dc.contributor.author | Askildsen, Jan Erik | |
dc.contributor.author | Nilsen, Øivind Anti | |
dc.date.accessioned | 2008-11-06T08:42:17Z | |
dc.date.available | 2008-11-06T08:42:17Z | |
dc.date.issued | 2008-04 | |
dc.identifier.issn | 0804-6824 | |
dc.identifier.uri | http://hdl.handle.net/11250/163140 | |
dc.description.abstract | This paper investigates the existence of markups and their cyclical behaviour at industry sector level. Markups are given as a price-cost relation that is estimated from a dynamic, structural model of the firm. The firms face costly adjustment of labour and potential financial constraints. The model is tested on a panel of firm- and plant-level data from Norwegian manufacturing industries. The results indicate a frequent presence of pro-cyclical markups.
Labour adjustment costs are small and negligible. The results are related to the role played by unions in a setting with high union density. | en |
dc.language.iso | eng | en |
dc.publisher | Norwegian School of Economics and Business Administration. Department of Economics | en |
dc.relation.ispartofseries | Discussion paper | en |
dc.relation.ispartofseries | 2008:10 | en |
dc.title | Markup cyclicality and input factor adjustments | en |
dc.type | Working paper | en |
dc.subject.nsi | VDP::Samfunnsvitenskap: 200::Økonomi: 210::Samfunnsøkonomi: 212 | en |