employers?" and I suggest that rising market concentration has a significant structural impact on the wage differentials between … to one-unit shock in market concentration are positive and significant over a period of 10 years. Furthermore, 18% of … variations in wage dispersion in the short-run and 30% of variations in the long-run are explained by market concentration. …

New regulatory data reveal extensive discriminatory pricing in the foreign exchange derivatives market, in which dealer … effects, and market conditions, we find that the client at the 75th percentile of the spread distribution pays an average of … 30 pips over the market mid-price, compared to competitive spreads of less than 2.5 pips paid by the bottom 25% of …

This paper presents an analysis of the recent developments of average market power in Europe by using a broad firm …

Asymmetric information is a classic example of market failure that undermines the efficiency associated with perfectly … competitive market outcomes: the "lemons" market. Credible certification, that substantiates unobservable characteristics of … products that consumers value, is often considered a potential solution to such market failure. This paper examines welfare …

market-and evaluates the extent to which search costs and chain heterogeneity explain such dispersion. We build a data set …

exposed to exploitation. We model heterogeneous consumer switching costs alongside asymmetric market shares. This setting …