Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/304484 
Title (translated): 
Determinants of price-cost-margins over the business cycle for food industries: An international comparison
Year of Publication: 
2001
Citation: 
[Journal:] Agrarwirtschaft: Zeitschrift für Betriebswirtschaft, Marktforschung und Agrarpolitik [ISSN:] 0002-1121 [Volume:] 50 [Issue:] 3 [Year:] 2001 [Pages:] 209-213
Publisher: 
Deutscher Fachverlag, Frankfurt a. M.
Abstract (Translated): 
Based upon the structure-conduct-performance approach the present paper analyses determinants of price-cost-margins over the business cycle for food industries in Germany, the USA as well as the Netherlands. Controlling for market structure variables, cyclical fluctuations in profitability are interpreted as evidence for changes in firm behaviour. The econometric panel data models reveal pro-cyclic fluctuations of profits in highly concentrated industries in Germany. In contrast, profitability in competitive industries in Germany as well as in all US food industries are found to be more stable over the business cycle. This observation is explicable in terms of a more aggressive behaviour of firms in boom periods. The econometric model does not adequately explain industry differences in profitability in the Netherlands.
Subjects: 
Ernährungsindustrie
Konjunktur
Gewinn
Vergleich
Deutschland
USA
Niederlande
Persistent Identifier of the first edition: 
Document Type: 
Article

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