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The aim of this study is to analyse the impact of competition, both internal and external, and of the business cycle on … which complies with earlier estimations by the authors. According to the estimations carried out, competition has a … significant impact on the level of markups. This result applies both to internal competition, measured by market concentration …
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extent of competition from substitute products. I estimate that, in 2019, public corporations produced consumer surplus in …
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We demonstrate that demand uncertainty can explain equilibrium product variety in the presence of sunk costs. Product variety is an efficient response to uncertainty because it reduces the expected costs associated with excess capacity. We find that within the firm's product line, the highest...
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Estimates of monopolistic markups are relatively scarce in the literature mostly due to lack of appropriate data and methodological difficulties, while their behaviour has important implications for the conduct of monetary policy. We estimate the monopolistic markups in the Polish economy in the...
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importance for competition and economic welfare of food producers and consumers. In Poland, a rising concentration among various …
Persistent link: https://www.econbiz.de/10012030560
the "competition effect", by which desired price markups and inflation decrease when entry rises. We find that a 1 percent …
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