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Can an increasing importance of intangible capital explain increases in markups and profits? I use a heterogeneous firm model to show how intangible capital, characterized by fixed costs and uncertainty, is related to markups and profits at the industry level. The scalability and uncertainty...
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This paper discusses concentration in consumer credit markets with a focus on fintech lenders and residential mortgages. We present evidence that shows that concentration among fintech lenders is significantly higher than that for bank lenders and other nonbank lenders. The data also show that...
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ownership and competition appear to be about equally important for the consequences of public sector outsourcing. …
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evidence answer the much-debated questions, Which is more important to performance, competition or private ownership? Are state …: · Does competition matter more than ownership? · Are state enterprises more subject to welfare-reducing interventions by … from problems of corporate governance? At the heart of the debate about public versus private ownership lie three questions …
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