In 1987 sociologist William Julius Wilson published his influential book The Truly Disadvantaged, which argued that the growing geographic concentration of poor minority families in urban areas contributed to high rates of crime, out-of-wedlock births, female-headed families, and welfare...

This paper contributes to the limited literature on the welfare impacts of market concentration by developing a simple model that shows how exogenous variations in market power affect poverty. Increased market power leads to economy-wide welfare losses, because it raises the prices of goods and...

Poverty adversely affects the lives of Los Angeles residents as well as the City as a whole. Among other things, poverty has a direct financial impact on local government because of above-average per capita costs for municipal services related to police and fire protection, courts, education,...

One of the central tenets of industrial organisation is that increasing/decreasing market concentration is likely to lead to increased/reduced markups. But does this affect every consumer to the same extent? Previous literature agrees that there can be significant price dispersion even in the...

Understanding the economic and social effects of the recent global trends of rising market concentration and market power has become a policy priority. To fill this knowledge gap, this paper introduces a simple simulation method, the Welfare and Competition tool (WELCOM), to estimate with...

This paper contributes to the limited literature on the welfare impacts of market concentration by developing a simple model that shows how exogenous variations in market power affect poverty. Increased market power leads to economy-wide welfare losses, because it raises the prices of goods and...

Understanding the economic and social effects of the recent global trends of rising market concentration and market power has become a policy priority, particularly in developing countries where markets are often more concentrated. In this context, since the poor are typically the most affected...