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Ayres, João; Raveendranathan, Gajendran - 2021

We analyze shocks to productivity, collateral constraint (credit shock), firm operation, and labor disutility in a model of firm dynamics with entry and exit. Shocks to firm operation and labor disutility capture COVID-19 lockdowns. Compared to the productivity shock, the credit and the lockdown...

Persistent link: https://www.econbiz.de/10012583735

Firm exit during recessions

Ayres, João; Raveendranathan, Gajendran - 2020

We analyze a general equilibrium model of firm dynamics to study the effects of shocks to productivity, labor wedge, and collateral constraint (credit shock) on firm exit. We find that only the credit shock increases firm exit. This result is robust to the magnitude of shocks and different model...

Persistent link: https://www.econbiz.de/10012238357

Market power and productivity trends in the European economies : a macroeconomic perspective

Battiati, Claudio; Jona-Lasinio, Cécilia; Marvasi, Enrico - 2021

Persistent link: https://www.econbiz.de/10013169672

What drives wage stagnation : monopsony or monopoly?

Deb, Shubhdeep; Eeckhout, Jan; Patel, Aseem; Warren, … - 2022

Wages for the vast majority of workers have stagnated since the 1980s while productivity has grown. We investigate two coexisting explanations based on rising market power: 1. Monopsony, where dominant firms exploit the limited mobility of their own workers to pay lower wages; and 2. Monopoly,...

Persistent link: https://www.econbiz.de/10013466317

Inequality and market power in Latin America and the Caribbean

Eslava, Marcela; García Marín, Alvaro; Messina, Julián - 2023

Persistent link: https://www.econbiz.de/10014428820

Energy, inflation and market power : excess pass-through in France

Arquié, Axelle; Thie, Malte - 2023

Persistent link: https://www.econbiz.de/10014384592

Global giants and local stars : how changes in brand ownership affect competition

Alviarez, Vanessa; Head, Keith; Mayer, Thierry - 2021

depend on how changes in ownership affect markups versus efficiency. We find that owner fixed effects contribute very little …

Persistent link: https://www.econbiz.de/10012583906

Competition and market power in the Latin American banking sector

Lluberas, Rodrigo - 2025

monthly regulatory information in a consistent manner for seven Latin American countries. Second, we estimate lending markups … and deposits markdowns in each country over time. Third, with the estimated markups and markdowns in the different … explore whether there are differences in markups on lending rates and markdowns on deposit rates between international and …

Persistent link: https://www.econbiz.de/10015208863

Inequality and market power in Latin America and the Caribbean

Eslava, Marcela; García Marín, Alvaro; Messina, Julián - 2023 - This version: October 2023

income, which depends on the joint distribution (across firms) of market power, the labor share, and firms size. Markups …

Persistent link: https://www.econbiz.de/10014546271

Political ownership

Bennedsen, Morten - 1999

Political involvement in the operation of an enterprise, whether it is private or state owned, creates opportunities for interest groups to influence the allocation of resources. Resource allocation transfers rent both between unions and private owners within the firm and between these organized...

Persistent link: https://www.econbiz.de/10012142223