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This paper characterizes the power dynamics of firms in both product and labor markets in Lithuania between 2004 and 2018. We first show that both markets are not perfectly competitive, as both price markups and wage markdowns are far from unitary and homogeneous. Interestingly, we unveil that...
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corporate monopoly power. Findings Results show that China’s manufacturing monopoly enterprises are generally innovation …-oriented rather than rent-seeking. However, there are certain differences between diversified types of monopoly enterprises: the ones … for diversified types of monopoly enterprises, and do so in a targeted manner fully reflecting the containment of rent …
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This paper estimates the extent to which market power is a source of production misallocation. Productive inefficiency occurs through more production being allocated to higher cost units of production, and less production to lower-cost production units, conditional on a fixed aggregate quantity....
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increases utility. It is assumed that each variety is owned by a monopoly. Workers can specialize in material goods production … bliss point can only be made better-off by an increase in diversity. If wages are set by monopoly unions rather than set …
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