, frictions, general equilibrium, labour markets, multi-unit auctions, oligopoly markets, and prediction markets Focuses on the … literature that has helped economists best understand how markets operate Assesses the impact of developments in theory, policy … -- Acknowledgements -- Notes -- References -- 4 OLIGOPOLY EXPERIMENTS IN THE CURRENT MILLENNIUM -- 1. Introduction -- 2. Oligopoly …

reallocation and costs between 1980 and 2016, finding that both channels are necessary to account for the data. Second, we show … that changes in technology and market structure over this period yielded positive welfare effects from reallocation and … equilibrium wages and labor force participation, and sales reallocation toward larger, more productive firms …

reallocation and costs, finding that both channels are necessary to account for the data. Second, we show that changes in … technology and market structure yield positive welfare effects through reallocation and selection, but off-setting negative … force participation via reallocation toward larger, more productive firms …