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(mis)allocation of customers across firms. By increasing market concentration among the most productive firms, the … document that while firms mainly grow by selling to more customers, their markups are only associated with their average sales … customer acquisition and variable markups. Relative to a model without customer acquisition, our model generates higher …
Persistent link: https://www.econbiz.de/10012314920
This paper explores how different margins of market share are related to markups. Using merged microdata on producers … dispersion, which suggests greater efficiency losses due to customer misallocation. An analysis of the efficient allocation in …
Persistent link: https://www.econbiz.de/10014322802
firm-level panel data. I present new evidence on South African markups, industrial concentration, and the firm …The South African economy is generally understood to be characterised by high levels of product market concentration … and high firm markups. This paper reviews the existing literature and discusses what can be learnt from new administrative …
Persistent link: https://www.econbiz.de/10012098404
Persistent link: https://www.econbiz.de/10013489485
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/10013466317
This paper develops a theory of oligopoly and markups in general equilibrium. Firms compete in a network of product … corporations in the USA, using publicly-available data. Using the model, I compute firm-level markups and decompose them into: 1) a …
Persistent link: https://www.econbiz.de/10013503368
Persistent link: https://www.econbiz.de/10014307361
This paper explores how different margins of market share are related to markups. Usingmerged microdata on producers …
Persistent link: https://www.econbiz.de/10014350013
We develop a new econometric framework that simultaneously allows recovering heterogeneity in demand, TFP and markups … quantify TFP, demand and markups and show how they are correlated among them, across time and with measures obtained from other …
Persistent link: https://www.econbiz.de/10011417711
We develop a new econometric framework that simultaneously allows recovering heterogeneity in demand, TFP and markups … quantify TFP, demand and markups and show how they are correlated among them, across time and with measures obtained from other …
Persistent link: https://www.econbiz.de/10011584150