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Inequality and market concentration : new evidence from Australia

Hotchin, Lachlan; Leigh, Andrew - 2024

Are excessively concentrated markets inequitable as well as inefficient? We explore this issue by analyzing the degree of market concentration in the industries where Australia's wealthiest made their fortunes. Compared with the economy at large, we find that top wealth holders have tended to...

Persistent link: https://www.econbiz.de/10014484556

The effects of local market concentration and international competition on firm productivity : evidence from Mexico

Rodríguez-Castelán, Carlos; López-Calva, Luis F.; … - 2020

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 nations and industries. This paper takes advantage of a...

Persistent link: https://www.econbiz.de/10012202018

Labor market concentration and competition policy across the Atlantic

Araki, Satoshi; Bassanini, Andrea; Green, Andrew S.; … - 2022

of enforcement activity by European competition authorities in labor markets relative to the US. While enforcement action … competition enforcement in labor markets. The article identifies sectors and practices that may be scrutinized with priority by … European competition authorities and proposes a mix of enforcement, merger control and well-targeted policy and regulatory …

Persistent link: https://www.econbiz.de/10013415712

The dynamics of power in labor markets : monopolistic unions versus monopsonistic employers

Samuel Dodini, Samuel; Salvanes, Kjell G.; Willén, … - 2022

mitigate the negative wage and employment effects generated by imperfect competition. We also identify considerable effect …

Persistent link: https://www.econbiz.de/10013415467

Inequality and market concentration, when shareholding is more skewed than consumption

Gans, Joshua; Leigh, Andrew; Schmalz, Martin C.; … - 2018

Economic theory suggests that monopoly prices hurt consumers but benefit shareholders. But in a world where individuals …

Persistent link: https://www.econbiz.de/10011958679

Rising concentration and wage inequality

Cortes, Guido Matias; Tschopp, Jeanne - 2020

Wage inequality has risen in many countries over recent decades. At the same time, production has become increasingly concentrated in a small number of firms. In this paper, we show that these two phenomena are linked. Theoretically, we show that shocks that increase concentration will also lead...

Persistent link: https://www.econbiz.de/10012257969

Political connections, business groups and innovation

Commander, Simon; Estrin, Saul; Silva, Thamashi de - 2023

It has been argued that Asia's remarkable economic achievements of the past 50 years build on institutional arrangements very different from the West, notably the central role of business groups (BGs). As Asian economies move from extensive to intensive growth, we enquire whether the business...

Persistent link: https://www.econbiz.de/10014230223

The fall of the labor share and the rise of superstar firms

Autor, David H.; Dorn, David; Katz, Lawrence F.; … - 2017

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

Concentrating on the fall of the labor share

Autor, David H.; Dorn, David; Katz, Lawrence F.; … - 2017

. We sketch a "superstar firm" model where industries are increasingly characterized by "winner take most" competition …

Persistent link: https://www.econbiz.de/10011612751

Comments on the 2023 draft merger guidelines : a labor market perspective

Berger, David; Hasenzagl, Thomas; Herkenhoff, Kyle; … - 2023

The DOJ and FTC clarify the role of labor market power ("monopsony") in the 2023 draft merger guidelines. The draft states in Guideline 11 that the structural presumption threshold applies to labor market concentration, while also suggesting that a stricter threshold may be warranted in labor...

Persistent link: https://www.econbiz.de/10014335050