caa a22 4500 467896070 CHVBK 20180406152804.0 cr unu---uuuuu 170328e20060901xx s 000 0 eng 10.1007/s00181-005-0051-4 doi (NATIONALLICENCE)springer-10.1007/s00181-005-0051-4 Müller Christian Swiss Federal Institute of Technology, Swiss Institute for Business Cycle Research, CH-8092, Zürich, Switzerland aut Further results on monopolistic competition, markup pricing and the business cycle in Switzerland [Elektronische Daten] [Christian Müller] This paper investigates how firms' market power affects the price level. Based on a small macro-model it is shown empirically that firms have structural markup pricing power and take advantage of favourable business cycle fluctuations. To this aim, a multivariate time series model with double integrated variables is estimated. Thereby a model-based business cycle indicator can be derived. Its information content is confronted with survey data giving rise to what is going to be called semantic cross validation approach. Springer-Verlag, 2006 Markup pricing nationallicence I (2) cointegration analysis nationallicence Semantic cross validation nationallicence Business tendency surveys nationallicence Empirical Economics Physica-Verlag 31/3(2006-09-01), 755-776 0377-7332 31:3<755 2006 31 181 https://doi.org/10.1007/s00181-005-0051-4 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s00181-005-0051-4 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Müller Christian Swiss Federal Institute of Technology, Swiss Institute for Business Cycle Research, CH-8092, Zürich, Switzerland aut NATIONALLICENCE 773 0- Empirical Economics Physica-Verlag 31/3(2006-09-01), 755-776 0377-7332 31:3<755 2006 31 181 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer