Showing 1 - 10 of 1,904
concentration has been falling, a bloc of high concentration sectors remains. Further, diversification has been actively pursued …
Persistent link: https://www.econbiz.de/10015084190
Recent research has documented a U-shaped industrial concentration curve over an economy's development path. How far can neoclassical trade theory take us in explaining this pattern? We estimate the production side of the Heckscher-Ohlin model using industry data on 44 developed and developing...
Persistent link: https://www.econbiz.de/10010221543
The relationship between competition and innovation is difficult to disentangle, as exogenous variation in market structure is rare. The 1952 breakup of Germany's leading chemical company, IG Farben, represents such a disruption. After the Second World War, the Allies occupying Germany imposed...
Persistent link: https://www.econbiz.de/10013358717
.9%, as hypothesized by monopsony theory. Based on a simple merger simulation, we find that a merger between the top two …
Persistent link: https://www.econbiz.de/10012213951
The DOJ and FTC clarify the role of labor market power ("monopsony") in the 2023 draft merger guidelines. The draft … that a stricter threshold may be warranted in labor markets. The post-merger Herfindahl-Hirschman Index (HHI) that defines … monopsony power in the U.S. may warrant an even lower threshold. For example, merger simulations indicate that workers would …
Persistent link: https://www.econbiz.de/10014335050
The fall of labor's share of GDP in the United States and many other countries in recent decades is well documented but its causes remain uncertain. Existing empirical assessments of trends in labor's share typically have relied on industry or macro data, obscuring heterogeneity among firms. In...
Persistent link: https://www.econbiz.de/10011647664
The recent fall of labor's share of GDP in numerous countries is well-documented, but its causes are poorly understood. We sketch a "superstar firm" model where industries are increasingly characterized by "winner take most" competition, leading a small number of highly profitable (and low labor...
Persistent link: https://www.econbiz.de/10011612751
merger guidelines, the average market is highly concentrated. Using a panel IV regression, we show that going from the 25th …
Persistent link: https://www.econbiz.de/10011785696
team composition, firm diversification, and IT investments - which arguably alter returns to exploiting synergies through … ; diversification …
Persistent link: https://www.econbiz.de/10009548652
This paper asks how deregulation intended to promote competition in the commercial banking industry affected the … over time to identify the effects of deregulation. Banking deregulation had no effect on compensation levels or inequality …, between-establishment inequality increased dramatically. Deregulation also led to increases in inequality among managers …
Persistent link: https://www.econbiz.de/10003278941