Arbeitspapier

Cartel Stability, Mark-Up Cyclicality and Government Spending Multipliers

zu Verbundenen Objekten

Mark-up cyclical behaviour is relevant in determining the size of government spending multiplier on output. While theoretical literature priviliged the counteryclical hypothesis, empirical evidence is far from being conclusive. Based on seminal Rotemberg and Saloner (1986) contribution, we build a theoretical framework based on Bertrand duopoly, stochastic demand and product differentiation, where the analysis of cartel stability under partial collusion points towards procyclical pricing. According to the intensity of marginal cost cyclicality, this can produce a procyclical mark up or - at least- render it less countercyclical than expected, with relevant effects on the transmission mechanism of government spending stimuli.

Sprache
Englisch

Erschienen in
Series: Quaderni - Working Paper DSE ; No. 820

Klassifikation
Wirtschaft
Stochastic and Dynamic Games; Evolutionary Games; Repeated Games
Oligopoly and Other Imperfect Markets

Ereignis
Geistige Schöpfung
(wer)
Lambertini, Luca
Marattin, Luigi
Ereignis
Veröffentlichung
(wer)
Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)
(wo)
Bologna
(wann)
2012

DOI
doi:10.6092/unibo/amsacta/4196
Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Original beim Datenpartner anzeigen

Objekttyp

  • Arbeitspapier

Beteiligte

  • Lambertini, Luca
  • Marattin, Luigi
  • Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)

Entstanden

  • 2012

Ähnliche Objekte (12)

Production structure, tradability and fiscal spending multipliers

Arbeitspapier

Production structure, tradability and fiscal spending multipliers

Government spending multipliers in (un)certain times

Arbeitspapier

Government spending multipliers in (un)certain times

Government spending multipliers in (un)certain times

Government spending multipliers in (un)certain times

Phillips-Curve Dynamics : Mark-Up Cyclicality, Effective Hours and Regime-Dependency

Phillips-Curve Dynamics : Mark-Up Cyclicality, Effective Hours and Regime-Dependency

Phillips-Curve Dynamics: Mark-Up Cyclicality, Effective Hours and Regime-Dependency

Arbeitspapier

Phillips-Curve Dynamics: Mark-Up Cyclicality, Effective Hours and Regime-Dependency

New Keynesian versus old Keynesian government spending multipliers

New Keynesian versus old Keynesian government spending multipliers

New Keynesian versus old Keynesian government spending multipliers

Arbeitspapier

New Keynesian versus old Keynesian government spending multipliers

New Keynesian versus old Keynesian government spending multipliers

Arbeitspapier

New Keynesian versus old Keynesian government spending multipliers

Essays on migration, public spending and local fiscal multipliers

Hochschulschrift

Essays on migration, public spending and local fiscal multipliers

Deficits, public debt dynamics, and tax and spending multipliers

Arbeitspapier

Deficits, public debt dynamics, and tax and spending multipliers

A Bayesian approach to estimating tax and spending multipliers

Arbeitspapier

A Bayesian approach to estimating tax and spending multipliers

Government spending multipliers in natural resource-rich developing countries

Arbeitspapier

Government spending multipliers in natural resource-rich developing countries

Verbundene Objekte