The Administered-Price Hypothesis Revisited

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.

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Year of publication:	1999
Authors:	Kamerschen, David R. ; Park, Jae-Hee
Published in:	Zagreb International Review of Economics and Business. - Ekonomski Fakultet, ISSN 1331-5609. - Vol. 2.1999, 2, p. 39-56
Publisher:	Ekonomski Fakultet
Subject:	administered pricing hypothesis \| transaction and list prices \| price equation \| price rigidity \| market structure

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Extent:	text/html
Type of publication:	Article
Classification:	L11 - Production, Pricing, and Market Structure Size; Size Distribution of Firms ; L21 - Business Objectives of the Firm ; L60 - Industry Studies: Manufacturing. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005808521