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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 …
Persistent link: https://www.econbiz.de/10012507311
and high firm markups. This paper reviews the existing literature and discusses what can be learnt from new administrative … firm-level panel data. I present new evidence on South African markups, industrial concentration, and the firm …-size distribution, for sectors across the South African economy. I find that conclusions on whether markups are 'high' or 'low' are …
Persistent link: https://www.econbiz.de/10012098404
and high firm markups. This paper reviews the existing literature and discusses what can be learnt from new administrative … firm-level panel data. I present new evidence on South African markups, industrial concentration, and the firm …-size distribution, for sectors across the South African economy. I find that conclusions on whether markups are 'high' or 'low' are …
Persistent link: https://www.econbiz.de/10012146543
This paper analyzes the effects of mergers and acquisitions on the markups of non-merging rival firms across a broad … production functions, we estimate markups as a measure of market power. Our results indicate that rivals significantly increase … their markups after mergers relative to a matched control group. Consistent with increases in market power, the effects are …
Persistent link: https://www.econbiz.de/10012061779
I develop a general framework for markup and markdown estimation that allows for profit sharing along value chains without making assumptions on conduct between vertically related firms. I derive the conditions under which the markup and markdown estimates relate to the firms' equilibrium...
Persistent link: https://www.econbiz.de/10014631791
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 …
Persistent link: https://www.econbiz.de/10014534841
Several models posit a positive cross-sectional correlation between markups and firm size, which, among others …, we show that larger firms have lower markups. This correlation turns positive only after conditioning on wage markdowns …
Persistent link: https://www.econbiz.de/10013549237
Several models posit a positive cross-sectional correlation between markups and firm size, which, among others …, we show that larger firms have lower markups. This correlation turns positive only after conditioning on wage markdowns …
Persistent link: https://www.econbiz.de/10013482898
Survey. All things being equal, financially constrained firms charge higher markups when faced with low demand; this …
Persistent link: https://www.econbiz.de/10011916868
) linked with balance sheet data to study the relationship between key aspects of globalization and firm-level markups. The … main results are: (i) Exporting is positively correlated with markups; (ii) Importing intermediate inputs and outsourcing … are also positively correlated with markups; (iii) Firms with affiliates have higher markups than other firms, while …
Persistent link: https://www.econbiz.de/10011944878