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Wages, hires, and labor market concentration
Marinescu, Ioana; Ouss, Ivan; Pape, Louis-Daniel - 2020
.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
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Competition and innovation : the breakup of IG Farben
Poege, Felix - 2022
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
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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 … 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
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Labour market concentration, wages and job security in Europe
Bassanini, Andrea; Bovini, Giulia; Caroli, Eve; … - 2022
We investigate the impact of labour market concentration on two dimensions of job quality, namely wages and job security. We leverage rich administrative linked employer-employee data from Denmark, France, Germany, Italy, Portugal and Spain in the 2010s to provide the first comparable...
Persistent link: https://www.econbiz.de/10013186729
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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
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Labor market concentration and competition policy across the Atlantic
Araki, Satoshi; Bassanini, Andrea; Green, Andrew S.; … - 2022
European competition authorities and proposes a mix of enforcement, merger control and well-targeted policy and regulatory …
Persistent link: https://www.econbiz.de/10013415712
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Common ownership of competing firms: evidence from Australia
Leigh, Andrew; Triggs, Adam - 2021
We provide the first estimates of the extent of common ownership of competing firms in Australia. Combining data on market shares and substantial shareholdings, we calculate the impact of common ownership on effective market concentration. Among firms where we can identify at least one owner, 31...
Persistent link: https://www.econbiz.de/10012513226
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Distributional effects of competition: a simulation approach
Rodríguez-Castelán, Carlos; Araar, Abdelkrim; … - 2021
Understanding the economic and social effects of the recent global trends of rising market concentration and market power has become a policy priority. To fill this knowledge gap, this paper introduces a simple simulation method, the Welfare and Competition tool (WELCOM), to estimate with...
Persistent link: https://www.econbiz.de/10012418634
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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
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Monopsony power and guest worker programs
Gibbons, Eric M.; Greenman, Allie; Norlander, Peter; … - 2019
markets, based on federal merger scrutiny guidelines, and that concentration generally decreases wages. For example, moving …
Persistent link: https://www.econbiz.de/10011974378