%0 Book Section
%T Interpreting Markups in Spanish Manufacturing: The Exponential Model
publisher Springer
%D 2010
%U 978-3-319-29253-3
%@ https://hdl.handle.net/20.500.14352/45223
%X In this paper we attempt to rationalize markups in a sample of Spanish manufacturing by assuming a representative consumer, proft-maximizing firms and constant returns to scale. We find that the standard forms of demand (CES and linear) do not provide a good explanation of markups. In contrast, a model where the representative consumer has an exponential utility function yields results that match data more closely.
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