THE VARIANCES OF WHOLESALE AND RETAIL-PRICES - TESTS OF A MARSHALLIANHYPOTHESIS

Authors
SCHEIN A
Citation
A. Schein, THE VARIANCES OF WHOLESALE AND RETAIL-PRICES - TESTS OF A MARSHALLIANHYPOTHESIS, Applied economics, 28(5), 1996, pp. 585-593
Citations number
10
Categorie Soggetti
Economics
Journal title
Applied economics → ACNP
ISSN journal
00036846
Volume
28
Issue
5
Year of publication
1996
Pages
585 - 593
Database
ISI
SICI code
0003-6846(1996)28:5<585:TVOWAR>2.0.ZU;2-F
Abstract
Alfred Marshall hypothesized that retail prices fluctuate less than wh olesale prices. This paper presents statistical evidence that supports Marshall's hypothesis. The results from various statistical tests of retail and wholesale prices show that for many goods the variances of retail prices are significantly smaller than the variances of wholesal e prices.