Corchón, Luis C.Moreno Martín, María LourdesMouche, Pierre, vonQuartieri, Federico2023-06-202023-06-202010-11-02978-3-319-29253-3https://hdl.handle.net/20.500.14352/45223Este 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.engbook parthttps://link.springer.com/chapter/10.1007/978-3-319-29254-0_9open accessSpanish ManufacturingEconomía industrial