Mertens, Matthias; Mottironi, Bernardo - Leibniz-Institut für Wirtschaftsforschung Halle - 2023
, characterizes misallocation, factor shares, and gains from trade. Yet, taking labor market power into account in markup estimation …, suggesting interactions between product and labor market power. Our findings are robust to common criticism (e.g., price bias … market power within an integrated framework as an important next step for future research. …