In this study a macro model is outlined in which noncompetitive
as well as competitive product price behaviour can be incorporated
and the macro implications compared. A variety of non-competitive pricing models are considered
and on the basis of these (and in conjunction with a chapter linking
the micro to the macro analysis), it is argued that non-competitive pricing is potentially important in a macro model. It can generate macro relative share, price, and output behaviour different from that generated by price - equals - marginal cost competitive behaviour. In the empirical investigations of Canadian manufacturing
industries, evidence of non-competitive price behaviour is found. The pro-cyclical standard competitive behaviour of gross-margins (mark-ups on variable costs) is not generally observed. Combining the theoretical with the empirical results, it is concluded that non-competitive pricing is not only potentially important,
but of actual importance because of the empirical significance of non-competitive price behaviour. The importance of this for macro policy is briefly considered in the final chapter. / Arts, Faculty of / Vancouver School of Economics / Graduate
| Identifer | oai:union.ndltd.org:UBC/oai:circle.library.ubc.ca:2429/19536 |
| Date | January 1974 |
| Creators | Shaffer, Marvin |
| Source Sets | University of British Columbia |
| Language | English |
| Detected Language | English |
| Type | Text, Thesis/Dissertation |
| Rights | For non-commercial purposes only, such as research, private study and education. Additional conditions apply, see Terms of Use https://open.library.ubc.ca/terms_of_use. |
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