financial shock, firms in financially weak countries (the periphery) maintain{{p}}cashflows by raising markups--in both domestic … and export markets--while firms in financially strong countries (the core) reduce markups, undercutting their financially …

This paper analyzes the effects of mergers and acquisitions on the markups of non-merging rival firms across a broad … production functions, we estimate markups as a measure of market power. Our results indicate that rivals significantly increase … their markups after mergers relative to a matched control group. Consistent with increases in market power, the effects are …

-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 …

-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, where average markups have climbed to pre-crisis levels already in 2011. There is significant heterogeneity among …