@article{b541f8622cea431eae3ec5cd222466a1,
title = "Industry structure and the dynamics of price adjustment",
abstract = "Using annual US data for gross domestic product originating by sector between 1947 and 1997 it is shown that a negative long-run relationship between inflation and the markup is present across the sectors as well as in the aggregate. A preliminary explanation based on industry structure is explored for the relative sizes of the impact of inflation on the markup in the long-run for the various sectors.",
keywords = "Inflation, Wages, Prices, Markup, Competition, Industry structure",
author = "Anindya Banerjee and Bill Russell",
note = "dc.sponsorship: ESRC Grants no: L116251015 and R000234954",
year = "2001",
doi = "10.1080/00036840010021131",
language = "English",
volume = "33",
pages = "1889--1901",
journal = "Applied Economics",
issn = "0003-6846",
publisher = "Taylor & Francis",
number = "15",
}