This paper links the debate on the decrease in competitiveness and business dynamism with that on rising inequality. We build a framework with entry, imperfect competition, heterogeneous households, and incomplete markets. Recent trends in markups, factors' share, and business dynamism are...

This paper investigates the relationship between democracy and antitrust policy. Strong antitrust policies advance the economic and political interests of most citizens, making their adoption more likely in institutional settings that weigh the interests of consumers. We examine the empirical...