Showing 51 - 60 of 453
in which firms' markups are endogenous to factor input choices based on technology levels, but are also affected by …
Persistent link: https://www.econbiz.de/10014458690
2018. We first show that both markets are not perfectly competitive, as both price markups and wage markdowns are far from …
Persistent link: https://www.econbiz.de/10014469389
opposite is the case with markups. If they increase in reaction to higher prices, they contribute to further price increases …
Persistent link: https://www.econbiz.de/10014474508
Wages for the vast majority of workers have stagnated since the 1980s while productivity has grown. We investigate two coexisting explanations based on rising market power: 1. Monopsony, where dominant firms exploit the limited mobility of their own workers to pay lower wages; and 2. Monopoly,...
Persistent link: https://www.econbiz.de/10014480546
shipping, through the estimation of markups -a useful indicator of how firms can price their goods or services above marginal … cost. Estimates confirm the exercise of market power in the domestic shipping industry, as evidenced by high markups. It … was also found that markup on freight is relatively larger than the markups on passenger services. Additional analysis …
Persistent link: https://www.econbiz.de/10014485153
This study explores the implications of rising markups for optimal Mirrleesian income and profit taxation. Using a … equilibrium cost-of-living. Rising markups directly contribute to a decline in optimal marginal taxes on labor income. The optimal … policy response to higher markups includes increasingly relying on the profit tax to fund redistribution. Declining optimal …
Persistent link: https://www.econbiz.de/10014501503
with more than 200,000 observations from approximately 40,000 dairy farms, I estimate markups of price over marginal cost … markup premium over conventional farmers. With increasing market shares of organic milk in total milk production markups of … conventional farmers diminish whereas those of organic farmers are unaffected. Farm‐level markups decrease with increasing market …
Persistent link: https://www.econbiz.de/10014504028
We examine the impact of self-learning Artificial Intelligence (AI) on firm competition in a growth model with endogenous labor supply and heterogeneous agents. AI possesses the ability to improve autonomously through application, testing, and training. When firms incorporate AI into their...
Persistent link: https://www.econbiz.de/10014519603
The world is replete with spatial frictions. Shipping goods across cities entails trade frictions. Commuting within cities causes urban frictions. How important are these frictions in shaping the spatial economy? We develop and quantify a novel framework to address this question at three...
Persistent link: https://www.econbiz.de/10010420207
-level database for EU member states. To indicate competitive pressure at the firm-level, markups are estimated following De Loecker … (2011), and De Loecker and Warzynski (2012). The analysis reveals a sharp drop in markups during the crisis, followed by a … the US, where average markups have climbed to pre-crisis levels already in 2011. There is significant heterogeneity among …
Persistent link: https://www.econbiz.de/10011783672