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Animal Welfare, Moral Consumers and the Optimal Regulation of Animal Food Production

Eichner, Thomas; Runkel, Marco - 2022

low quality of animal food. Correction of this market failure is attained by taxing animal food output and subsidizing … animal food quality. With consumer and producer heterogeneity, regulation is the same but sector-specific, with a more …

Persistent link: https://www.econbiz.de/10014264451

Inequality and Market Concentration, When Shareholding is More Skewed than Consumption

Gans, Joshua S. - 2019

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 relative distribution of consumption and corporate equity...

Persistent link: https://www.econbiz.de/10012892178

Corporate Tax Avoidance and Industry Concentration

Martin, Julien - 2020

This paper argues that tax avoidance by large corporations has contributed to the 25% increase in concentration among U.S. firms since the mid-1990s. Corporate tax avoidance gives large firms a competitive edge, which translates into larger market shares and an increase in the granularity of the...

Persistent link: https://www.econbiz.de/10012825999

Concentration in International Markets : Evidence from US Imports

Bonfiglioli, Alessandra; Crinò, Rosario; Gancia, Gino - 2021

We use transaction-level data to study changes in the concentration of US imports. Concentration has fallen in the typical industry, while it is stable by industry and origin country. The fall in concentration is driven by the extensive margin: the number of exporting firms has grown, and the...

Persistent link: https://www.econbiz.de/10013235106

Double Marginalization and Vertical Integration

Choné, Philippe; Linnemer, Laurent; Vergé, Thibaud - 2021

Asymmetric information in procurement entails double marginalization. The phenomenon is most severe when the buyer has all the bargaining power at the production stage, while it vanishes when the buyer and suppliers’ weights are balanced. Vertical integration eliminates double marginalization...

Persistent link: https://www.econbiz.de/10013235119

Market Concentration in Europe : Evidence from Antitrust Markets

Affeldt, Pauline; Duso, Tomaso; Gugler, Klaus; … - 2021

An increasing body of empirical evidence is documenting trends toward rising concentration, profits, and markups in many industries around the world since the 1980s. Two major criticisms of these studies is that concentration and market shares are poorly measured at the national industry level...

Persistent link: https://www.econbiz.de/10013249649

The "Matthew Effect" and Market Concentration : Search Complementarities and Monopsony Power

Fernández-Villaverde, Jesús; Mandelman, Federico; Yu, Yang - 2021

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 … “Matthew effect” that endogenously generates superstar firms out of uniform idiosyncratic productivity distributions …

Persistent link: https://www.econbiz.de/10013245629

Vertical Relations, Pass-Through, and Market Definition : Evidence from Grocery Retailing

Haucap, Justus; Heimeshoff, Ulrich; Klein, Gordon J.; … - 2021

We examine how different pass-through rates, from input- to final consumer prices, and different vertical contracts affect upstream market definition. Our theory model predicts that, under reasonable conditions, higher pass-through rates lead to definitions of larger upstream markets. Data from...

Persistent link: https://www.econbiz.de/10013314949

Concentration and Competition : Evidence from Europe and Implications for Policy

Koltay, Gabor; Lorincz, Szabolcs; Valletti, Tommaso M. - 2022

The paper provides new evidence on proxy indicators of market power for major European countries. The data shows moderately increasing average industry concentration over the last two decades, a considerably increasing proportion of high concentration industries, and an overall tendency towards...

Persistent link: https://www.econbiz.de/10013293852

Bank Concentration and Monetary Policy Pass-Through

Gödl-Hanisch, Isabel - 2023

This paper analyzes the implications of the gradual rise in bank concentration since the 1990s for the transmission of monetary policy. I use branch-level data on deposit and loan rates to evaluate the monetary policy pass-through conditional on the level of local bank concentration and bank...

Persistent link: https://www.econbiz.de/10014357801

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