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-level database for EU member states. To indicate competitive pressure at the firm-level, markups are estimated following De Loecker … (2011), and De Loecker and Warzynski (2012). The analysis reveals a sharp drop in markups during the crisis, followed by a … the US, there average markups have climbed to pre-crisis levels already in 2011. There is significant heterogeneity among …
Persistent link: https://www.econbiz.de/10011794306
-level database for EU member states. To indicate competitive pressure at the firm-level, markups are estimated following De Loecker … (2011), and De Loecker and Warzynski (2012). The analysis reveals a sharp drop in markups during the crisis, followed by a … the US, where average markups have climbed to pre-crisis levels already in 2011. There is significant heterogeneity among …
Persistent link: https://www.econbiz.de/10011782951
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 …
Persistent link: https://www.econbiz.de/10012259856
employees (2005{2013). We compare firm-specific markups and industry concentration as market power indicators and discuss the …. However, if we look at changes in individual industries, then we do find increasing markups and an increasing concentration in …
Persistent link: https://www.econbiz.de/10012253813
Persistent link: https://www.econbiz.de/10015057219
shipping, through the estimation of markups -a useful indicator of how firms can price their goods or services above marginal … cost. Estimates confirm the exercise of market power in the domestic shipping industry, as evidenced by high markups. It …High market concentration in the Philippine domestic shipping industry has always been a subject of concern among …
Persistent link: https://www.econbiz.de/10014485153
and document that markups and gross profit rates increase substantially as the role of variable costs in production … input expenditure, but that markups increase by more than necessary to break even, and that this phenomenon operates …
Persistent link: https://www.econbiz.de/10015076778
income and labor income. We use our framework to assess the impact of changes in markups on the overall labor share and on …
Persistent link: https://www.econbiz.de/10012841091
Output and input market distortions manifest as wedges in the firm's first order conditions. The production approach to markup estimation recovers the markup wedge using the output elasticity for a variable and undistorted input. We show that using the revenue elasticity for any variable input,...
Persistent link: https://www.econbiz.de/10013210935
We characterize the evolution of markups for consumer products in the United States from 2006 to 2019. We use detailed … flexible consumer preferences. We recover markups under an assumption that firms set prices to maximize profit. Within each … product category, we recover separate yearly estimates for consumer preferences and marginal costs. We find that markups …
Persistent link: https://www.econbiz.de/10013322586