This paper investigates how increases in concentration can be interrupted or reversed by changes in how firms compete on quality. We examine the U.S. hotel industry during the past half century. We document that starting in the early 1980s, quality competition came more in the form of costs that...

Is there a relationship between a region's industrial structure and employment growth? Wolfgang Dauth pursues this question in three self-contained studies. These studies each examine a different aspect of this topic and form the three main chapters of this book. Chapter 2 ('Agglomeration and...

I quantify the importance of financial structure, labor market rigidities and industry mix for cross-country asymmetries in monetary transmission. To do so, I determine how closely the impulse responses to a monetary policy shock obtained from country-specific vectorautoregressive (VAR) models...