Durability versus concentration as an explanation for price inflexibility

Review of Industrial Organization

Volumn 14, Issue 1, 1999, Pages 27-50

  Caucutt, Elizabeth M ^a   Ghosh, Mrinal ^b   Kelton, Christina M L ^c  

^a UNIVERSITY OF ROCHESTER   (United States)

^b UNIVERSITY OF MICHIGAN   (United States)

^c UNIVERSITY OF CINCINNATI   (United States)

Author keywords

Administered pricing; Market concentration; Price rigidity; Product durability

Indexed keywords

MANUFACTURING; MARKET CONDITIONS; PRICE DYNAMICS;

UNITED STATES;

EID: 0032945193     PISSN: 0889938X     EISSN: None     Source Type: Journal    
DOI: 10.1023/A:1007723912369     Document Type: Article

References (24)

1. Carlton, Dennis W. (1986) 'The Rigidity of Prices', The American Economic Review, 76, 637-658.
2. Caucutt, Elizabeth M., Mrinal Ghosh, and Christina M.L. Kelton (1994) 'Pricing Behavior in United States Manufacturing Industries: A Statistical Study Using Disaggregated Data', The Review of Industrial Organization, 9, 745-771.
3. Coase, Ronald H. (1972) 'Durability and Monopoly', Journal of Law and Economics, 15, 143-149.
4. Conlisk, John, Eitan Gerstner, and Joel Sobel (1984) 'Cyclic Pricing by a Durable Goods Monopolist', Quarterly Journal of Economics, 99, 489-505.
5. Kelton, Christina M.L. (1992) 'Price Changes from 1958-1982', in David B. Audretsch and John J. Siegfried eds., Empirical Studies in Industrial Organization. Amsterdam: Kluwer Academic Publishers, pp. 97-114.
6. Kelton, Christina M. L., and Leonard W. Weiss (1989) 'Change in Concentration, Change in Cost, Change in Demand, and Change in Price', in Leonard W. Weiss, ed., Concentration and Price. Cambridge, Mass.: MIT Press, pp. 41-66.
7. Means, Gardiner C. (1935) Industrial Prices and Their Relative Inflexibility. Washington, D.C.: U.S. Senate Document 13, 74th Congress, 1st Session.
8. Means, Gardiner C. (1939) The Structure of the American Economy, Part I, Basic Characteristics. National Resources Committee Report.
9. Means, Gardiner C. (1972) 'The Administered-Price Thesis Confirmed', The American Economic Review, 62, 292-306.
10. Mueller, Willard F., and Douglas F. Greer (1984) 'The Effect of Market Share Distribution on Industry Performance Reexamined', Review of Economics and Statistics, 66, 353-358.
11. Neal, Alfred C. (1942) Industrial Concentration and Price Inflexibility. Washington: American Council on Public Affairs.
12. Phlips, Louis (1969) 'Business Pricing Policies and Inflation - Some Evidence from E.E.C. Countries', Journal of Industrial Economics, 18, 1-14.
13. Qualls, P. David (1975) 'Price Stability in Concentrated Industries', Southern Economic Journal, 42, 294-298.
14. Qualls, P. David (1978) 'Market Structure and Price Behavior in U.S. Manufacturing, 1967-1972', Quarterly Review of Economics and Business, 18, 35-57.
15. Ripley, Frank, and Lydia Segal (1973) 'Price Determination in 395 Manufacturing Industries', The Review of Economics and Statistics, 55, 263-271.
16. Sobel, Joel (1991) 'Durable Goods Monopoly with Entry of New Consumers', Econometrica, 59, 1455-1485.
17. Stigler, George J., and James K. Kindahl (1970) The Behavior of Industrial Prices. New York: National Bureau of Economic Research.
18. Stigler, George J., and James K. Kindahl (1973) 'Industrial Prices, as Administered by Dr. Means', The American Economic Review, 63, 717-721.
19. Stokey, Nancy L. (1979) 'Intertemporal Price Discrimination', Quarterly Journal of Economics, 93, 355-371.
20. Thorp, Willard L., and Walter Crowder (1941), 'The Structure of Industry', Temporary National Economics Committee, Monograph Series: No. 27.
21. Tirole, Jean (1988) The Theory of Industrial Organization. Cambridge, Mass.: MIT Press.
22. Weiss, Leonard W. (1966) 'Business Pricing Policies and Inflation Reconsidered', Journal of Political Economy, 74, 177-187.
23. Weiss, Leonard W. (1977) 'Stigler, Kindahl, and Means on Administered Prices', The American Economic Review, 67, 610-619.
24. Yordon, Wesley J., Jr. (1961) 'Industrial Concentration and Price Flexibility in Inflation: Price Response Rates in Fourteen Industries, 1947-1958', The Review of Economics and Statistics, 43, 287-294.