The use of traditional industry-level profitability indicators for assessing the state of competition is problematic for two reasons. First, short-term variation reflects business cycles more than it does the impact of competition policy. Second, rough industry-level indicators hide different...

Toimiva kilpailu on talous- ja tuottavuuskasvun perusedellytys. Markkinoiden toimivuudesta huolehtiminen on myös suomalaisen elinkeinopolitiikan prioriteeteissa nostettu korkealle. Tästä huolimatta kilpailusta ja sen voimakkuudesta tiedetään todellisuudessa vähän. Tässä selvityksessä...

The use of traditional industry-level profitability indicators for assessing the state of competition is problematic for two reasons. First, short-term variation reflects business cycles more than it does the impact of competition policy. Second, rough industry-level indicators hide different...

Empirical equilibrium search models have attracted a growing interest in recent years. Estimation of such models has not been completely successful, however. This has led researchers to develop more sophisticated versions of the models, in an attempt to get a better fit to the data. This study...