Similar Search Results

Foster, Lucia; Haltiwanger, John C.; Tuttle, Cody - National Bureau of Economic Research - 2022

Recent evidence suggests the U.S. business environment is changing, with rising market concentration and markups. The most prominent and extensive evidence backs out firm-level markups from the first-order conditions for variable factors. The markup is identified as the ratio of the variable...

Persistent link: https://www.econbiz.de/10013388847

Concentration, Market Power, and Misallocation : The Role of Endogenous Customer Acquisition

Afrouzi, Hassan; Drenik, Andres; Kim, Ryan - National Bureau of Economic Research - 2023

and consumers, we document that a firm's market share is mainly related to its number of customers, while its price …

Persistent link: https://www.econbiz.de/10014322802

Nonlinear Pricing and Misallocation

Bornstein, Gideon; Peter, Alessandra - National Bureau of Economic Research - 2024

This paper studies the effect of nonlinear pricing on markups and misallocation. We develop a general equilibrium model of firms that are allowed to set a quantity-dependent pricing schedule--contrary to the typical assumption in macroeconomic models. Without the restriction to linear pricing,...

Persistent link: https://www.econbiz.de/10015145095

The Subjective Inflation Expectations of Households and Firms : Measurement, Determinants, and Implications

Weber, Michael; D'Acunto, Francesco; Gorodnichenko, Yuriy; … - National Bureau of Economic Research - 2022

Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...

Persistent link: https://www.econbiz.de/10013210074

Pricing Inequality

Mongey, Simon; Waugh, Michael E. - National Bureau of Economic Research - 2025

, households' price elasticities of demand endogenously vary with wealth. Heterogeneous firms set their price as oligopolistic … households with different elasticities sort into high- and low-price varieties. Under standard preferences, larger firms …

Persistent link: https://www.econbiz.de/10015195045

Data and Market Power

Eeckhout, Jan; Veldkamp, Laura - National Bureau of Economic Research - 2022

Might firms' use of data create market power? To explore this hypothesis, we craft a model in which economies of scale in data induce a data-rich firm to invest in producing at a lower marginal cost and larger scale. However, the model uncovers much richer interactions between data, welfare and...

Persistent link: https://www.econbiz.de/10013210050

The Gains and Losses From Industrial Concentration

Peltzman, Sam - 1977

In essence, this paper will try to decompose the concentration-profits relationship into separate concentration-price … the analytical effort is spent here. I review the theory underlying such a relationship, and develop and implement a model … due to cost effects and how much to price effects. The main conclusion is that, while price effects are not absent, the …

Persistent link: https://www.econbiz.de/10012478966

Do Prices Determine Vertical Integration?

Alfaro, Laura - 2010

. Trade policy provides a source of exogenous price variation to assess the validity of this prediction: higher tariffs should …

Persistent link: https://www.econbiz.de/10012462538

Markups and Markdowns

Syverson, Chad - National Bureau of Economic Research - 2024

industrial organization. This has focused empirical attention on markups, the ratios of price to marginal cost in product markets …

Persistent link: https://www.econbiz.de/10015056198

Markups and Inequality

Boar, Corina - 2019

We study the aggregate and distributional impact of product market interventions and profit taxes using a model of firm dynamics, credit constraints and incomplete markets. A key ingredient of our model is that markups are endogenous so that the markup a producer charges depends on the amount of...

Persistent link: https://www.econbiz.de/10012479902