The Cyclical Behavior of Mark Ups in U.S. Manufacturing and Trade: New Empirical Evidence Based on a Model of Optimal Storage
Posted: 8 Oct 1997
Date Written: Undated
An Euler condition for optimal inventory accumulation is used to obtain information on the behavior of mark ups of price over marginal cost in U.S. manufacturing and trade. Data at the two-digit SIC level are used. Mark ups appear to be procyclical in most of the two-digit SIC sectors.
JEL Classification: D91
Suggested Citation: Suggested Citation