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 …

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 …

differentiation in the production function estimation, I include plant-level prices and employ car characteristics as demand …