Davis, Leila - In: European journal of economics and economic policies : … 21 (2024) 2, pp. 202-231
In this paper, I use firm-level data from Compustat to document the evolution of markups among listed U.S. non … obfuscates that firms with low pre-pandemic markups command notable markup growth in both 2021 and 2022. Third, I document key … accounts of profit inflation, wherein U.S. firms' market power allowed them to maintain - and, for some firms, increase - their …