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al. (2017), we evaluate and confirm two core claims of the superstar firm hypothesis: the concentration of sales among … firms within industries has risen across much of the private sector; and industries with larger increases in concentration …
Persistent link: https://www.econbiz.de/10012963787
firms in each industry, product market concentration will rise as industries become increasingly dominated by superstar … increasingly concentrate in a small number of firms; industries where concentration rises most will have the largest declines in … share will be greatest in the sectors with the largest increases in market concentration; and finally, such patterns will be …
Persistent link: https://www.econbiz.de/10012956029
shocks that increase concentration will also lead to an increase in wage dispersion between firms. Empirically, we use …-tically significant correlation between concentration and between-firm wage inequality, driven by increases in market shares and wages in …
Persistent link: https://www.econbiz.de/10012826722
This paper examines the impact of trade liberalization on firms' product and labor market power. We estimate the prevalence and intensity of firm-level price-cost markups and either wage markups or wage markdowns. We take the dependence between these model-consistent measures of product and...
Persistent link: https://www.econbiz.de/10012842037
Does regulation affect the pace and nature of innovation and if so, by how much? We build a tractable and quantifiable endogenous growth model with size-contingent regulations. We apply this to population administrative firm panel data from France, where many labor regulations apply to firms...
Persistent link: https://www.econbiz.de/10013248072
To examine the drivers of innovation, this paper studies the global R and D effort to fight the deadliest diseases and presents four results. We find: (1) global pharmaceutical R and D activity-measured by clinical trials-typically follows the 'law of diminishing effort': id est the elasticity...
Persistent link: https://www.econbiz.de/10012518690
debt. Debt concentration is maximized when the wedge between ownership and control is the largest. This is the case when …
Persistent link: https://www.econbiz.de/10011373923
The paper looks at the effects of employment concentration on resource allocation with a particular focus on one … the dominance of natural resources in the Russian economy and employment concentration is closely linked …
Persistent link: https://www.econbiz.de/10013119286
distorted competition and accelerated economic concentration. We view the income distribution effect, which favours the top 1 …%, and the business concentration effect, which gravitates competition towards oligopolistic/monopolistic industries, as the …
Persistent link: https://www.econbiz.de/10013112775
Although market concentration is one of the main impediments to productivity growth globally, data constraints have … limited its analysis to developed countries or cross-country studies based on definitions of market concentration across … the effects of local industry concentration on productivity.The main results show that a decline by 10 points in the …
Persistent link: https://www.econbiz.de/10012836579