A Note on Mark-up Pricing and the
Bibliographic Data
| ID | 12229756 |
|---|---|
| Authors | Mark Setterfield (0000-0002-5483-5500, Trinity College, corresponding author) |
| Year | 1996 |
| Volume | 8 |
| Issue | 1 |
| Pages | 79-86 |
| Publication date | 1996-01-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Review of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0953-8259 • E-ISSN: 1465-3982 |
| Publisher | Taylor & Francis (PUBLISHER • GB) |
| DOI | 10.1080/09538259600000037 |
| OpenAlex | W1967684864 |
| Language | EN |
| Citations received | 1 |
| References cited | 8 |
This note shows that a simple mark-up model that treats prices as a fixed percentage mark-up over the actual average cost of labour has misleading distributional implications as product demand varies in the short run. It is demonstrated that using the normal average cost of labour as the basis for simple mark-up models provides a solution to this problem
Econometrics · Economics · Mathematical economics · Microeconomics · Product (mathematics · Simple (philosophy · Economic theories and models · Economic Theory and Policy · Mathematics · Monetary Policy and Economic Impact
| Citations per year | 0.03 |
|---|---|
| Citation span | 1997 - 1997 (1) |
| Highly cited | No |