Lu, Yi; Tao, Zhigang; Yu, Linhui - Volkswirtschaftliche Fakultät, … - 2011
study, we use firm markup (defined as the ratio of price over marginal cost) to capture the net impact of agglomeration …. Using data from Chinese manufacturing firms in the 1998-2005 period, we first recover the markup ratio for each firm … impact of agglomeration on firm markup. Our difference-in-differences (DID) estimation shows that agglomeration has a …