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mercado. ; A recent literature documents a secular increase in the sales-weighted markups in the United States, a phenomenon … paper documents the behavior of markups in Spain before, during, and in the aftermath of the Great Recession. We document … that markups rose during the financial crisis. Unlike in the U.S., these dynamics were led by small firms: in response to a …
Persistent link: https://www.econbiz.de/10012525221
Summary of Banco de España Working Paper no. 2033
Persistent link: https://www.econbiz.de/10012526627
intrasectoriales ; We broaden the conceptual framework of estimating markups at the sectoral level developed by Roeger (1995), and …, firms with higher productivity present higher markups. Further, we use this empirical setting to estimate changes in firm …-level markups over the course of the crisis (2008/2012). Our results indicate that for around 50% of sectors average markups …
Persistent link: https://www.econbiz.de/10012530495
?tze aus der Neuen Politischen ?konomie sowie der Theorie der Verf?gungsrechte wird auf Effizienzunterschiede auf Grund … Disziplinierung von Marktmacht. Neben den allgemeinen Implementierungsm?ngeln bei der Anwendung dieser Modelle in der Praxis bergen …
Persistent link: https://www.econbiz.de/10009481011
Branchen eingeteilt. An eine kurze Betrachtung der Industrie aus makro- und mikroökonomischer Sicht schließt sich die … subsectors, at least not given the used identification strategy. This could be due to the fact that this theory regards the …
Persistent link: https://www.econbiz.de/10009433722
With the advent of digital convergence, incumbent telephone and cable companies have begun to offer their services, such as voice telephony, Internet and TV in so-called triple play packages. While carefully recognizing the technological, legal and economic framework of the fixed-line...
Persistent link: https://www.econbiz.de/10009434545
This paper shows that generators exercised increasing market power in the England and Wales wholesale electricity market in the second half of the 1990s despite declining market concentration. It examines whether this was consistent with static, non-cooperative oligopoly models, which are widely...
Persistent link: https://www.econbiz.de/10009441995
This paper analyses the economics of long-term gas contracts under changing institutional conditions, mainly gas sector liberalisation. The paper is motivated by the increasingly tense debate in continental Europe, UK and the US on the security of long-term gas supply. We discuss the main issues...
Persistent link: https://www.econbiz.de/10009442002
conformed to economic theory except in the case of labour and capital where unexpected positive own price relationships were …
Persistent link: https://www.econbiz.de/10009442480
theory and extensive computing power now allows one to estimate food manufacturer and supermarket retailer pricing conduct in …
Persistent link: https://www.econbiz.de/10009442572