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dc.contributor.authorGradzewicz, Michał
dc.contributor.authorMućk, Jakub
dc.date.accessioned2023-07-25T08:19:00Z
dc.date.available2023-07-25T08:19:00Z
dc.date.issued2020-11
dc.identifier.citationGradzewicz M., Mućk J., Unravelling the Markups Changes: The Role of Demand Elasticity and Concentration, SGH KAE Working Papers Series, 2020, nr 2020/056, s. 1-21en
dc.identifier.urihttp://hdl.handle.net/20.500.12182/1110
dc.description.abstractWe propose a framework allowing to identify sources changes in aggregate markups. Our approach derives from the conjectural variation theory and allows to evaluate the role of price elasticity of demand as well as concentration in shaping the markups. In the empirical part, we show that a decline in the aggregate markups in Poland, showed by Gradzewicz and Mućk (2019), can be explained to a large extent by rising demand elasticity, while rising concentration has mitigated this effect. We also document that at the industry level the globalization trends, e.g. international fragmentation, increasing standardization and tighter integration with global economy, affect both demand elasticity and markups but in a theory-consistent, inverse way. Besides, we identify factors which are specific to demand elasticity (product varieties and a home bias) and the markups (import content of exports).en
dc.language.isoen
dc.rightsDozwolony użytek*
dc.subjectmarkupsen
dc.subjectprice elasticity of demanden
dc.subjectglobalizationen
dc.subject.classificationC23en
dc.subject.classificationD22en
dc.subject.classificationD4en
dc.subject.classificationF61en
dc.subject.classificationL11en
dc.titleUnravelling the Markups Changes: The Role of Demand Elasticity and Concentrationen
dc.typeworkingPaperen
dc.description.number2020/056en
dc.description.physical1-21en
dc.description.seriesSGH KAE Working Papers Seriesen
dc.identifier.urlpublisherhttp://wydawnictwo.sgh.waw.plen


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