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On the Distinction between Structure and Conduct: Adjustment Costs, Concentration, and Price Behavior

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  • Worthington, Paula R

Abstract

The effect of concentration on the speed of price adjustment is studied and shown to be ambiguous when adjustment costs are convex. The result relies on making a distinction between the structure of an industry and the conduct of firms within it. Copyright 1989 by Blackwell Publishing Ltd.

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  • Worthington, Paula R, 1989. "On the Distinction between Structure and Conduct: Adjustment Costs, Concentration, and Price Behavior," Journal of Industrial Economics, Wiley Blackwell, vol. 38(2), pages 235-238, December.
    • Handle: RePEc:bla:jindec:v:38:y:1989:i:2:p:235-38
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    Cited by:

    1. Bellak, Christian, 1992. "Towards A Flexible Concept of Competitiveness," Department of Economics Working Paper Series 13, WU Vienna University of Economics and Business.
    2. Michael Olive, 2004. "Price Adjustment with Price Conjectures," Econometric Society 2004 Australasian Meetings 131, Econometric Society.
    3. Mark E. Levonian, 1994. "The persistence of bank profits: what the stock market implies," Economic Review, Federal Reserve Bank of San Francisco, pages 3-17.
    4. Oladunjoye, Olusegun, 2008. "Market structure and price adjustment in the U.S. wholesale gasoline markets," Energy Economics, Elsevier, vol. 30(3), pages 937-961, May.
    5. Mario Tello, 1992. "Precios relativos, producción interna y exportaciones en modelos de competencia imperfecta doméstica y mercados segmentados," Documentos de Trabajo / Working Papers 1992-107, Departamento de Economía - Pontificia Universidad Católica del Perú.

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