Ganglmair, Bernhard; Kann, Alexander; Tsanko, Ilona - 2020
A central motivating factor for studying price markups is their effect on consumer welfare. Reported estimates of (firm …-level) price markups in the literature, however, are often focused on industry or cross-country comparisons. These treat different … industries equally rather than based on how relevant they are for consumers. We propose markup measures in which firm-level price …