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Capital market imperfections and countercyclical markups : theory and evidence

Chevalier, Judith A. - 1994

Persistent link: https://www.econbiz.de/10000881195

Liquidity constraints and the cyclical behavior of markups

Chevalier, Judith A. - In: The American economic review 85 (1995) 2, pp. 390-396

Persistent link: https://www.econbiz.de/10001188968

Capital-market imperfections and countercyclical markups : theory and evidence

Chevalier, Judith A. - In: The American economic review 86 (1996) 4, pp. 703-725

Persistent link: https://www.econbiz.de/10001209547

Capital Market Imperfections and Countercyclical Markups : Theory and Evidence

Chevalier, Judith A.; Scharfstein, David - 2021

During recessions, output prices tend to rise relative to wages and raw-materials prices. One explanation of this fact is that imperfectly competitive firms compete less aggressively during recessions - that is, markups of price over marginal cost are countercyclical. We present a model in which...

Persistent link: https://www.econbiz.de/10013216504