It is widely recognized that ?market failure? prevents efficient risk sharing in natural disaster insurance. As a …

How costly is the misallocation of production that we might expect to result from distortions such as market power …

Economic theory suggests that monopoly prices hurt consumers but benefit shareholders. But in a world where individuals … or households can be both consumers and shareholders, the impact of market power on inequality depends in part on the …

.S. firms since the mid-1990s. Corporate tax avoidance gives large firms a competitive edge, which translates into larger market …

suppliers. Conditional on market foreclosure, the probability that final consumers are harmed is positive only if the buyer has …

many industries around the world since the 1980s. Two major criticisms of these studies is that concentration and market … scrutinized by the European Commission between 1995 and 2014. We show that concentration, as measured by the market-specific post … unambiguously positively related to concentration irrespective of time periods, sectors of activity, and geographical market …

the formation of vendor contracts. Search complementarities amplify small differences in productivity among firms. Market … concentration fosters monopsony power in the labor market, magnifying profits and further enhancing high-productivity firms’ output …. Reductions in search costs increase market concentration, lower the labor income share, and increase wage inequality …