mercado. ; A recent literature documents a secular increase in the sales-weighted markups in the United States, a phenomenon … paper documents the behavior of markups in Spain before, during, and in the aftermath of the Great Recession. We document … that markups rose during the financial crisis. Unlike in the U.S., these dynamics were led by small firms: in response to a …

intrasectoriales ; We broaden the conceptual framework of estimating markups at the sectoral level developed by Roeger (1995), and …, firms with higher productivity present higher markups. Further, we use this empirical setting to estimate changes in firm …-level markups over the course of the crisis (2008/2012). Our results indicate that for around 50% of sectors average markups …