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Zagreb International Review of Economics & Business, Vol. 2 No. 2, 1999.

Original scientific paper

The Administered-Price Hypothesis Revisited

David R. Kamerschen ; University of Georgia, Athens, USA
Jae-Hee Park ; University of Georgia, Athens, USA

Full text: english pdf 1.036 Kb

page 39-56

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Abstract

The relationship between market structure and firms’ pricing behaviour has been a major and controversial issue in industrial economics. The question of how firms’ pricing behaviour differs across market structures is the focus of the administered-price thesis. In this paper the authors review theories providing rationales for the administered-price thesis and their empirical underpinnings, and methodological controversies concerning price series of differnt industries.

Keywords

administered pricing hypothesis; transaction and list prices; price equation; price rigidity; market structure

Hrčak ID:

34402

URI

https://hrcak.srce.hr/34402

Publication date:

1.11.1999.

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