Marginal cost and price over the business cycle: comparative evidence from Japan and the United States

We estimate marginal cost over the cycle for Japan and the US, concentrating on the intensive margin of the firm's activity. Estimation is undertaken for 16 two-digit industries over a 30-year period to the early 1990s. Cost movements consist of changes in the nominal wage, movements along the...

Full description

Saved in:
Bibliographic details
Volume: 16
Main Author: Hart, Robert A
Malley, James R
Format: Journal Article
Language: English
Place of publication: Elsevier B.V 2000
Elsevier
published in: European Journal of Political Economy Vol. 16; no. 3; pp. 547 - 569
Data of publication: 2000
ISSN: 0176-2680
1873-5703
EISSN: 1873-5703
Discipline: Economics
Political Science
Series: European Journal of Political Economy
Subjects:
E32
E24
P52
Online Access: Fulltext
Database: RePEc IDEAS
RePEc
CrossRef
Database information Databases - DBIS