Market Structure and Cyclical Fluctuations in U.S. Manufacturing: Comment
评论Domowitz等人（1988）的研究，质疑其对行业加价率的估计是否准确，并指出其与Hall估计的比较意义有限，但对产业经济学研究者仍有参考价值。
R. Ian Domowitz, Glenn Hubbard, and Bruce C. Peterson (1988) estimate industry markups of price over marginal cost and show the influence of market structure on cyclical movements in total factor productivity, using a disaggregate panel data set of 284 four-digit, Standard Industrial Classification industries. In this comment, the authors examine whether Domowitz, Hubbard, and Peterson really estimate what they intend to estimate. Domowitz, Hubbard, and Peterson also claim their 'estimates are not as large as those of Hall.' If it is not clear what they estimate, the comparison is of limited usefulness. Nevertheless, the Domowitz, Hubbard, and Peterson study deserves consideration and contemplation by anyone interested in industrial economics. Copyright 1993 by MIT Press.