We follow the production function approach to assess markups, which requires the estimation of the output elasticity of … hours as free input. We find rather stable markups in the Netherlands in the period 2006-2016. We show that extending the …

the 'competition effect', by which desired price markups and inflation decrease when entry rises. We find that a 1 percent … increase in the number of competitors lowers desired markups by 0.18 percent. Most of the cyclical variability in inflation is … driven by markup fluctuations due to sticky prices or exogenous shocks rather than endogenous changes in desired markups. …

components – namely physical TFP, mark-ups, quality and production scale. The new methodology is applied to a panel of EU … in mark-ups. Demand also suffered a conspicuous decline. Our results suggest that non-stressed countries seem to enjoy a … stronger recovery in terms of fundamentals like quantity TFP, demand and mark-ups than stressed countries. Yet, their overall …

-level database for EU member states. To indicate competitive pressure at the firm-level, markups are estimated following De Loecker … (2011), and De Loecker and Warzynski (2012). The analysis reveals a sharp drop in markups during the crisis, followed by a … the US, there average markups have climbed to pre-crisis levels already in 2011. There is significant heterogeneity among …