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Concentration and Competition : Evidence from Europe and Implications for Policy
Koltay, Gabor; Lorincz, Szabolcs; Valletti, Tommaso M. - 2022
competition policy is likely to face more challenges as large companies are becoming more common in more and more industries …
Persistent link: https://www.econbiz.de/10013293852
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Bank Concentration and Monetary Policy Pass-Through
Gödl-Hanisch, Isabel - 2023
This paper analyzes the implications of the gradual rise in bank concentration since the 1990s for the transmission of … the level of local bank concentration and bank capitalization. I find that banks operating in high-concentration markets … banks that rationalizes the empirical findings and explains the underlying mechanism. In the model, monopolistic competition …
Persistent link: https://www.econbiz.de/10014357801
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Corporate Tax Avoidance and Industry Concentration
Martin, Julien - 2020
This paper argues that tax avoidance by large corporations has contributed to the 25% increase in concentration among U.S. firms since the mid-1990s. Corporate tax avoidance gives large firms a competitive edge, which translates into larger market shares and an increase in the granularity of the...
Persistent link: https://www.econbiz.de/10012825999
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Inequality and Market Concentration, When Shareholding is More Skewed than Consumption
Gans, Joshua S. - 2019
Economic theory suggests that monopoly prices hurt consumers but benefit shareholders. But in a world where individuals or households can be both consumers and shareholders, the impact of market power on inequality depends in part on the relative distribution of consumption and corporate equity...
Persistent link: https://www.econbiz.de/10012892178
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Financial Development and Export Concentration
Unger, Florian - 2023
This paper analyzes the impact of financial development on export concentration. I incorporate credit constraints into a trade model with heterogeneous exporters and endogenous quality choice. The model predicts that financial development increases innovation activity and export shares of larger...
Persistent link: https://www.econbiz.de/10014255423
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The "Matthew Effect" and Market Concentration : Search Complementarities and Monopsony Power
Fernández-Villaverde, Jesús; Mandelman, Federico; Yu, Yang - 2021
This paper develops a dynamic general equilibrium model with heterogeneous firms that face search complementarities in the formation of vendor contracts. Search complementarities amplify small differences in productivity among firms. Market concentration fosters monopsony power in the labor...
Persistent link: https://www.econbiz.de/10013245629
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Market Concentration in Europe : Evidence from Antitrust Markets
Affeldt, Pauline; Duso, Tomaso; Gugler, Klaus; … - 2021
An increasing body of empirical evidence is documenting trends toward rising concentration, profits, and markups in many industries around the world since the 1980s. Two major criticisms of these studies is that concentration and market shares are poorly measured at the national industry level...
Persistent link: https://www.econbiz.de/10013249649
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Vertical Relations, Pass-Through, and Market Definition : Evidence from Grocery Retailing
Haucap, Justus; Heimeshoff, Ulrich; Klein, Gordon J.; … - 2021
competition. We therefore advise competition authorities to carefully model vertical market structures, whenever they expect …
Persistent link: https://www.econbiz.de/10013314949
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Concentration in International Markets : Evidence from US Imports
Bonfiglioli, Alessandra; Crinò, Rosario; Gancia, Gino - 2021
, foreign entry and industry growth. These facts suggest that intensified competition in international markets coexists with …
Persistent link: https://www.econbiz.de/10013235106
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Double Marginalization and Vertical Integration
Choné, Philippe; Linnemer, Laurent; Vergé, Thibaud - 2021
Asymmetric information in procurement entails double marginalization. The phenomenon is most severe when the buyer has all the bargaining power at the production stage, while it vanishes when the buyer and suppliers’ weights are balanced. Vertical integration eliminates double marginalization...
Persistent link: https://www.econbiz.de/10013235119