Inequality and market concentration : new evidence from Australia

Lachlan Hotchin, Andrew Leigh

Are excessively concentrated markets inequitable as well as inefficient? We explore this issue by analyzing the degree of market concentration in the industries where Australia's wealthiest made their fortunes. Compared with the economy at large, we find that top wealth holders have tended to make their fortunes in industries with a higher-than-average degree of market concentration. Top wealth shares have grown substantially, and from 1990 to 2020, there appears to have been an increase in the propensity of top wealth holders to make their fortunes in highly concentrated industries.

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Year of publication:	February 2024
Authors:	Hotchin, Lachlan ; Leigh, Andrew
Publisher:	Munich, Germany : CESifo
Subject:	income distribution \| competition \| market power \| Australien \| Australia \| Marktmacht \| Market power \| Einkommensverteilung \| Income distribution \| Unternehmenskonzentration \| Market concentration \| Wettbewerb \| Competition

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Extent:	1 Online-Ressource (circa 16 Seiten) Illustrationen
Series:	CESifo working papers. - München : [Verlag nicht ermittelbar], ISSN 2364-1428, ZDB-ID 2065232-X. - Vol. 10942 (2024)
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Classification:	D31 - Personal Income, Wealth and Their Distributions ; L12 - Monopoly; Monopolization Strategies ; L41 - Monopolization; Horizontal Anticompetitive Practices
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014470410