2026-06-28T15:28:34Zhttps://docta.ucm.es/rest/oai/request

oai:docta.ucm.es:20.500.14352/452232025-02-11T18:36:27Zcom_20.500.14352_14col_20.500.14352_21

Interpreting Markups in Spanish Manufacturing: The Exponential Model Corchón, Luis C. Moreno Martín, María Lourdes Mouche, Pierre, von Quartieri, Federico Este documento se publico en 2016: “Interpreting markups in Spanish manufacturing: the exponential model” (con L.C. Corchón) en Pierre von Mouche and Federico Quartieri (eds.): Equilibrium Theory for Cournot Oligopolies and Related Games: Essays in Honour of Koji Okuguchi, Ed. Springer, 2016. ISBN 978-3-319-29253-3. 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. 2023-06-20T05:43:32Z 2023-06-20T05:43:32Z 2010-11-02 book part 978-3-319-29253-3 https://hdl.handle.net/20.500.14352/45223 https://link.springer.com/chapter/10.1007/978-3-319-29254-0_9 eng Springer Series in Game Theory open access Springer