MARK-UP RATE FLUCTUATIONS IN THE BUSINESS CYCLE : A KALECKIAN VIEW(Designated Research Projects)

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概要

• 論文の詳細を見る

• This is a methodological research on mark-up fluctuations based on a Kaleckian view. Actual mark-up rates seem to fluctuate in the business cycle whatever pricing procedure is taken, between a Kalecki type, the full cost principle, and others. To explain these fluctuations theoretically, we present an aggregated price by market type: competitive, oligopolistic, and restricted markets. The respective price reflects the operating rate of capacity and the change of demand in the real world. We explain these prices by mark-up rates in one way or another, arguing on the movement of these mark-up rates in the business cycle. The concluding remarks based on our price setting equation are that the mark-up rate tends to fluctuate procyclically; we need to use a mark-up rate function for the estimate of actual mark-up rates.

• 桃山学院大学の論文
• 1999-09-30

著者

• Iyoda Mitsuhiko

  Faculty Of Economics Momoyama Gakuin University

• Iyoda Mitsuhiko

  Momoyama Gakuin (st. Andrew's) University

関連論文

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