Mark-ups in Hungarian Corporate Sector
Hungarian Academy of Sciences (HAS) - Research Centre for Economic and Regional Studies; Centre for Economic Policy Research (CEPR); Central European University, Economics Department
Institute of Economics, HAS and CEU
William Davidson Institute Working Paper No. 411; International Conference on Transition Economics Working Paper
One of the major tasks facing a transition economy is to create the competitive environment of a properly functioning market economy. This paper attempts to analyze the relationship of market structure, market imperfections and corporate performance by mark-up pricing. There is clear evidence for the existence of such market imperfections. However, these imperfections cannot be attributed to one single factor. We develop a varying coefficient model for the relationship between the factors facilitating rent-collection and the sectoral mark-ups.
Number of Pages in PDF File: 21
Keywords: Transition economy, market imperfections, mark-up pricing
JEL Classification: C23, D21, D24working papers series
Date posted: September 24, 2001
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