The Variances of Wholesale and Retail Prices: Tests of a Marshallian Hypothesis

Alfred Marshall hypothesized that retail prices fluctulate less than wholesale prices. This paper presents statistical evidence that supports Marshall's hypothesis. The results from various statistical tests of retail and wholesale prices show that for many goods the variances of retail prices are significantly smaller than the variances of wholesale prices.

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Year of publication:	1995-10
Authors:	Schein, Andrew
Institutions:	Economics Department, Stern School of Business

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Series:	Working Papers.
Type of publication:	Book / Working Paper
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005061863