of the exercise of de jure and de facto political power. A change in political institutions, for example a move from … nondemocracy to democracy, alters the distribution of de jure political power, but the elite can intensify their investments in de … facto political power, such as lobbying or the use of paramilitary forces, to partially or fully offset their loss of de …

The US trade war against China in 2018-2019 can either enhance or diminish the US soft power in China, depending on … the US soft power--is affected by the trade war, utilizing variations across Chinese cities in the exposure to the Trump …

models of market power and bargaining has been sparse, principally because the necessary data on individual transactions are …

of private industry and for non-durable manufacturing industries display a wide range of monopoly power …

Market power arises in the case where a seller is aware that raising output will depress price. In the profit …-maximizing equilibrium with market power, price exceeds marginal cost. The Lerner index---the ratio of price less marginal cost to the price …---is a widely accepted measure of market power. Measuring marginal cost is a challenge. This paper develops and applies a …

much trade policy affects firms' abilities to price above marginal cost (i.e., market power). The US steel industry … little effect on market power, consistent with prior theoretical literature on the nonequivalence of tariffs and quotas. We … also find evidence that market power eroded over time in steel products where mini-mill producers gained sizeable market …

vehicle characteristics. We find that although prices rose over time, concentration and market power decreased substantially …