Kreuser, Friedrich; Kilumelume, Michael; Burger, Rulof P. - 2024
smaller downward shifts. We show that materials-based markups are increasing over this period. Upward markup pressure in … structural and labour markups are primarily driven by compositional shifts of surviving firms, while materials markup growth is … driven by the average firm in a given sector. We show that merger intensity is positively related to structural markup growth …