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This paper develops a theory of oligopoly and markups in general equilibrium. Firms compete in a network of product … extent of competition from substitute products. I estimate that, in 2019, public corporations produced consumer surplus in …
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monopoly model and a variety of different competitive models. We conclude with a discussion of empirical predictions together …
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absolute margin. We derive these results in both a monopoly model and a variety of different competitive models. We conclude …
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absolute margin. We derive these results in both a monopoly model and a variety of different competitive models. We conclude …
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leads to higher average prices. We test the theory using detailed data for Brazilian exporters and find that the destination …
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