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| Marcelo Resende |
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| ''Non-Collusive Oligopoly and Business Cycle: Some Further Evidence'' |
| ( 2012, Vol. 32 No.1 ) |
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| 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. |
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| Keywords: non-collusive oligopoly; business cycle |
JEL: L1 - Market Structure, Firm Strategy, and Market Performance: General
L6 - Industry Studies: Manufacturing: General |
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| Manuscript Received : Feb 06 2012 | | Manuscript Accepted : Mar 15 2012 |
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