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Marcelo Resende
 
''Non-Collusive Oligopoly and Business Cycle: Some Further Evidence''
( 2012, Vol. 32 No.1 )
 
 
The paper examines the differential exercise of market power over the business cycle in the context of selected sectors in the Canadian manufacturing industry during the 1992-1/2007-4 period. In particular, empirical implications of non-collusive models previously explored by Wilson and Reynolds (2005) are further investigated by considering data for selected disaggregated and homogeneous sectors and is consistent with a multiple regimes formulation. A main implication concerning differential variances for changes in prices in the two demand regimes is partially supported in the investigated sectors.
 
 
Keywords: non-collusive oligopoly; business cycle
JEL: L1 - Market Structure, Firm Strategy, and Market Performance: General
L6 - Industry Studies: Manufacturing: General
 
Manuscript Received : Feb 06 2012 Manuscript Accepted : Mar 15 2012

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