@techreport{Vaona2010nonparametric,
abstract = {By using nonparametric and panel data econometrics, this paper re-assesses the effect of both the current level of economic activity and of future expected demand on the dynamics of the price mark-up over marginal cost in US manufacturing industries from 1958 to 1996. Consistently with previous results, the current level of economic activity has a negative impact on the mark-up and expectations of future demand a positive one. Differences between consumer and producer goods and between more and less competitive sectors play a minor role. Differences between durable and nondurable goods, instead, find more empirical support.},
address = {Kiel},
author = {Andrea Vaona},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {L60; L16; E32; 330; Mark-up; cyclical dynamics; durable goods; non-durable goods; nonparametric econometrics; panel data econometrics},
language = {eng},
number = {1580},
publisher = {Kiel Institute for the World Economy (IfW)},
title = {A nonparametric panel data approach to the cyclical dynamics of price-cost margins},
type = {Kiel working paper},
url = {http://hdl.handle.net/10419/30036},
year = {2010}
}
