Price-cost margins and market structure
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Price-cost margins and market structure by Keith Cowling

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Published by University of WarwickDepartment of Economics in Coventry .
Written in English


Book details:

Edition Notes

Statementby Keith Cowling and Michael Waterson.
SeriesWarwick economic research papers -- no.44
ContributionsWaterson, Michael.
ID Numbers
Open LibraryOL19961401M

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Price-Cost Margins and Market Structure Created Date: Z. Market Structure and Price-Cost Margins in Philippine Manufacturing Industries. Article (PDF Available) in Applied Economics 31(7) February with Reads How we measure 'reads'. "Price-Cost Margins And Market Structure," Economic Research Papers , University of Warwick - Department of Economics. Handle: RePEc:ags:uwarer DOI: /ted by: 2. Keith, into our joint paper, `Price­cost margins and market structure' () which remains clearly the most-cited piece either of us have. The model was one of the early elements to provide a rigorous theoreti-cal underpinning for the cross-sectional structure­performance work so popular in industrial economics at that stage.

In this thesis, the relationship between some aspects of industrial market structure and industry price-cost margins or profit-revenue ratios is investigated. This is done mainly by building mathematical models based upon the tenet of profit maximisation. Empirical tests of the hypotheses developed are carried out using regression analysis on recent UK data.   2. Modelling strategy Generalised Cournot models predict a positive relationship between the price-cost margin and market structure [Cowling and Waterson ()]. The industry margin is usually defined as (II + F)/R, where II is profit, F is fixed costs and R is the product of price and output. This paper provides a conceptual analysis of the impact of imports on domestic price-cost margins via the interaction of economies of scale, conjectural variations, and demand elasticities. Positive or negative impacts can be theoretically justified based on the relative strength of these factors.   Clarke, R. and S. Davies , Market structure and price-cost margins, Econom 2 In the simulations we also assumed 0 = Marginal cost began with an initial value of 1, it then rose to C.

His first paper entitled Price-cost margins and market structure, written with Keith Cowling examined links between changes in concentration and changes in margins. In , he co-wrote the paper The profitability-concentration relation: market power or efficiency?, published in . The paper investigates the relationship between the market concentration and the price-cost margin in the Czech food processing industry during Collins, Norman R & Preston, Lee E, "Price-Cost Margins and Industry Structure," The Review of Economics and Statistics, MIT Press, vol. 51(3), pages Margins for base chemicals are relatively low compared to specialty chemicals, and approximately 60% (base) and 35% (specialty) of the cost structure is linked to raw materials and energy costs (Fig. 6). In this segment, industry cycles trigger fluctuating product margins, and margin.