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Author:Considine, T.J.
Title:Markup pricing in petroleum refining: a multiproduct framework
Journal:International Journal of Industrial Organization
2001 : DEC, VOL. 19:10, p. 1499-1526
Index terms:PETROLEUM INDUSTRY
PRICING
Freeterms:MARKUPS
Language:eng
Abstract:This paper describes a structural model of markup pricing under joint production with quasi-fixed inputs of capital, labor, and inventories. The price-cost markups are functions of the inverse price elasticity of demand, an industry average conjectural variation elasticity, and the inventory to sales ratio.
SCIMA record nr: 226518
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