Several models posit a positive cross-sectional correlation between markups and firm size, which, among others …, characterizes misallocation, factor shares, and gains from trade. Yet, taking labor market power into account in markup estimation …, we show that larger firms have lower markups. This correlation turns positive only after conditioning on wage markdowns …

Several models posit a positive cross-sectional correlation between markups and firm size, which, among others …, characterizes misallocation, factor shares, and gains from trade. Yet, taking labor market power into account in markup estimation …, we show that larger firms have lower markups. This correlation turns positive only after conditioning on wage markdowns …

prevalence and intensity of firm-level price-cost markups and either wage markups or wage markdowns. We take the dependence …

changes in costs. Using a rich dataset on French manufacturing firms' balance sheets, we first estimate markups at the firm … energy prices, depending on average market power within sectors. We show that, in sectors with higher markups, prices …

contributions in the literature, we obtain exogenous credit supply shifters and markups that are both firm specific and time varying …. We uncover new findings at this level. In particular, firms more exposed to liquidity risks tend to raise markups in … firms have an incentive to raise markups in order to sustain liquidity. Our results have important economic implications …

This paper analyzes the effects of mergers and acquisitions on the markups of non-merging rival firms across a broad … relevant competitors in narrowly defined product markets. Applying recent methodological advances in the estimation of … production functions, we estimate markups as a measure of market power. Our results indicate that rivals significantly increase …

I develop a general framework for markup and markdown estimation that allows for profit sharing along value chains … differentiation in the production function estimation, I include plant-level prices and employ car characteristics as demand …

In this paper we propose a novel method for the price-cost markup estimation and study the relationship between export …

This paper studies the relationship between firm-level markups and trade status using balance sheet information linked … markups both across and within firms. We argue that this correlation can reflect three channels: self-selection, higher …

and high firm markups. This paper reviews the existing literature and discusses what can be learnt from new administrative … firm-level panel data. I present new evidence on South African markups, industrial concentration, and the firm …-size distribution, for sectors across the South African economy. I find that conclusions on whether markups are 'high' or 'low' are …