Industry concentration, firm-level markups and business dynamics from austrian micro-data

Michael Peneder, Fabian Unterlass

This paper provides a first empirical assessment of selected key indicators of the degree of competition in Austria in terms of industry concentration, firm-level markups and business dynamics. The analysis is based on firm-level data from 2008 to 2020 in collaboration with OECD Multiprod 2.0 and the Austrian Micro Data Center (AMDC). The results show that concentration has remained rather stable, while firm dynamics have promoted the reallocation of production and employment to more productive firms. However, average markups have increased in various sectors, especially in non-tradable services, indicating a self-reinforcing dynamic where the "winners-take-more".

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Year of publication:	July 2024
Authors:	Peneder, Michael ; Unterlass, Fabian
Publisher:	Wien : Österreichisches Institut für Wirtschaftsforschung
Subject:	Competition monitoring \| industry concentration \| markups \| business dynamics \| Unternehmenskonzentration \| Market concentration \| Mark-up Pricing \| Mark-up pricing \| Österreich \| Austria \| Industrie \| Manufacturing industries \| Markteintritt \| Market entry \| Marktmacht \| Market power \| Unternehmenswachstum \| Firm growth \| Marktaustritt \| Market exit \| Wettbewerb \| Competition