impact of agglomeration on firm markup. Our difference-in-differences (DID) estimation shows that agglomeration has a …

methodological advances in the estimation of production functions to estimate markups and total factor productivity. We investigate …This paper analyzes the effects of mergers on markups of non-merging rival firms in narrowly defined markets. Combining … increase their markups in the years after a merger. The effects are concentrated in markets with few competitors, among firms …

We estimate structural, materials, and labour markups for the South African economy at the three-digit industry level … for 2012-19. The fall in structural labour and materials markups found for the numerical majority of industries are … smaller downward shifts. We show that materials-based markups are increasing over this period. Upward markup pressure in …

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 … intangible capital investment can charge high markups relative to other firms whereas firms that fail will exit. However, these …

number of producers, which leads to countercyclical price markups. While Nash bargaining delivers a countercyclical labor … share, we show that countercyclical markups are fundamental to address the overshooting. On the contrary, we find that real …

markups from both value added and sales and empirically test whether some of the global trends in market power can be seen in … Slovak firm level data as well. I find that the markups in Slovakia in fact declined since 2010, both in terms of value added … and sales. Although the decrease in sales markups is negligible, the value added aggregate markup declined by 25% from 2 …