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Persistent link: https://www.econbiz.de/10011287261
I document a statistical link between old-age dependency ratios and average markups. I propose that a mechanism whereby …
Persistent link: https://www.econbiz.de/10014389040
Persistent link: https://www.econbiz.de/10014537117
This paper investigates the evolution of aggregate productivity and markups among French manufacturing firms between … markups are estimated based on a gross output translog production function using popular estimation methods. I find an … aggregate productivity growth of about 34% over the whole period while aggregate markups are found to remain relatively stable …
Persistent link: https://www.econbiz.de/10014468964
The dominant view of inflation holds that it is macroeconomic in origin and must always be tackled with macroeconomic tightening. In contrast, we argue that the US COVID-19 inflation is predominantly a sellers' inflation that derives from microeconomic origins, namely the ability of firms with...
Persistent link: https://www.econbiz.de/10014229825
This paper addresses the reduction of market failure under imperfect competition. It proposes a taxscheme that provides firms with an incentive to forgo their market power: Firms optimize after-tax profits. Now simply consider a firm´s gross profit margin the unique tax-rate it is charged on...
Persistent link: https://www.econbiz.de/10010298564
This paper extends Hall's (1988) methodology to analyse imperfections in both the product and the labour market for firms in the Belgian manufacturing industry over the period 1988- 1995. We investigate the heterogeneity in price-cost mark-up and workers' bargaining power parameters among 18...
Persistent link: https://www.econbiz.de/10010262192
bargaining power parameters are associated with higher mark-ups and (3) whether both parameters are influenced by cyclical and … effect on the price mark-ups, leaving the bargaining strength of the workers unchanged. Hence, the stringent competition law …
Persistent link: https://www.econbiz.de/10010313294
We consider an industry where one firm with a superior technology competes for market shares with several rivals. The … owner of the superior technology (the dominant firm) can license or transfer the source of its dominance to a subset of … demonstrate that the dominant firm will only make a transfer of the superior technology if it can be used to foreclose some rival …
Persistent link: https://www.econbiz.de/10003732455
This article investigates downstream firms' ability to collude in a repeated game of competition between supply chains. We show that downstream firms with buyer power can collude more easily in the output market if they also collude on their input supply contracts. More specifically, an implicit...
Persistent link: https://www.econbiz.de/10009571506