2023-02-06 - Institut für Wirtschaftsforschung Halle, Kleine … (GERMANY) - Leibniz-Institut für Wirtschaftsforschung Halle
We propose a general equilibrium model with oligopolistic output markets where two channels can cause a change in market power: (i) technology, via changes to productivity shocks and the cost of entry, (ii) market structure, via changes to the number of potential competitors.
First, we...