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Media type:
E-Article
Title:
Price Rigidity and Industrial Concentration: Evidence from the Indonesian Food and Beverages Industry
Contributor:
Setiawan, Maman;
Emvalomatis, Grigorios;
Oude Lansink, Alfons
Published:
Wiley, 2015
Published in:
Asian Economic Journal, 29 (2015) 1, Seite 61-72
Language:
English
DOI:
10.1111/asej.12047
ISSN:
1351-3958;
1467-8381
Origination:
Footnote:
Description:
This paper investigates the relationship between industrial concentration and price rigidity in the Indonesian food and beverages industry. A Cournot model of firm behavior is used in which prices adjust according to a partial adjustment mechanism. The model is applied to panel data of the Indonesian food and beverages industry over the period 1995–2006. The results suggest that industrial concentration has a positive effect on percentage price changes. Furthermore, the speed of price adjustment is higher when the per unit cost of production rises.