Markups vary widely across industries and countries, their heterogeneity has increased overtime and asymmetric exposure … of markups a¤ects resource misallocation and welfare in a general equilibrium framework encompassing a large class of … markups, may reduce welfare. Our approach is novel both in its generality and in the emphasis on the second moment of the …

Markups vary widely across industries and countries, their heterogeneity has increased overtime and asymmetric exposure … of markups affects resource misallocation and welfare in a general equilibrium framework encompassing a large class of … markups, may reduce welfare. Our approach is novel both in its generality and in the emphasis on the second moment of the …

markups. Using disaggregated data for EU manufacturing over the period 1988-2000 we find increased openness exerts a negative … and significant impact on sectoral prices. Increased openness lowers prices by both reducing markups and raising … productivity. In response to an increase in openness, markups show a steep short run decline, which partly reverses later, while …

markups (the net interest margin commonly used to proxy lending-to-deposit rate spreads) can increase with FDI while the rates …-border bank takeovers with those of cross-border lending by banks located overseas, which in most cases reduces markups and …

approach that lets us to identify individual mark-ups. The results point out that tougher competition associated to openness … effect on average markups and the dispersion of performance variables is weaker. These results partially support the …