Using a new firm-level dataset on private and listed firms from 20 countries, we documentfive stylized facts on market power in global markets. First, competition has declinedaround the world, measured as a moderate increase in average firm markups during 2000-2015. Second, the markup increase...

This paper evaluates the recent literature claiming that the US economy has generally become less competitive causing the US economy to perform poorly and that lax antitrust policy is one important reason for the decline in economic performance. Although there certainly are empirical facts...

Recent empirical studies suggest that there is a rising trend of market power across sectors in advanced economies. We contribute to this line of research by providing industry-specific evidence for German manufacturing industries, based on representative high-quality firm level data from...

Media of communication present challenges to regulators and antitrust analysts. While it has become traditional to view media as "platforms" that support "multi-sided markets," it is far from clear that media markets for inputs and outputs are usefully treated as belonging to a new and unique...

The UK and U.S. tobacco industries provide a particularly clean place to examine the impact of changes in market structure on firm conduct and productivity in a rapidly innovating industry. Both industries were competitive in the 1880s, and the U.S. appeared to have a slight lead resulting from...

Problem definition: Outsourcing is a common operations strategy nowadays, but it may lead to an unintended consequence of supplier copycatting. When outsourcing, there is some subtle information that the manufacturer knows but is optional for the supplier to carry out the production task, such...

Tunisian manufacturing sector plays an important role in the Tunisian economy. It contributes significantly to the Gross Domestic Product, employment, gross fixed capital formation, merchandise exports, and the use of advanced technologies. Accordingly, it has been called upon to play a key role...

I assess the private profitability of tying under circumstances where the standard efficiency defenses do not necessarily hold and demonstrate that tying is profitable under a wide range of circumstances. I also examine data from the Canadian newspaper-advertising industry and argue that price...

This paper tests whether the transition from the old Economic Competition Act, which was based on the so-called “abuse system”, to the new Competition Act, which was based on “prohibition system”, in the Netherlands had an impact on the price-cost margins in manufacturing industries...

This paper tests whether the transition from the old Economic Competition Act, which was based on the so-called “abuse system”, to the new Competition Act, which was based on “prohibition system”, in the Netherlands had an impact on the price-cost margins in manufacturing industries...