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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
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/10014420662
markups and entry observed in the data while at the same time reproducing empirically plausible moments for key macroeconomic …
Persistent link: https://www.econbiz.de/10011113670
markups and entry observed in the data while at the same time reproducing empirically plausible moments for key macroeconomic …
Persistent link: https://www.econbiz.de/10010897823
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