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Inequality and market concentration : new evidence from Australia
Hotchin, Lachlan; Leigh, Andrew - 2024
Are excessively concentrated markets inequitable as well as inefficient? We explore this issue by analyzing the degree of market concentration in the industries where Australia's wealthiest made their fortunes. Compared with the economy at large, we find that top wealth holders have tended to...
Persistent link: https://www.econbiz.de/10014470410
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Inequality and market concentration : new evidence from Australia
Hotchin, Lachlan; Leigh, Andrew - 2024
Are excessively concentrated markets inequitable as well as inefficient? We explore this issue by analyzing the degree of market concentration in the industries where Australia's wealthiest made their fortunes. Compared with the economy at large, we find that top wealth holders have tended to...
Persistent link: https://www.econbiz.de/10014484556
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Inequality and market concentration, when shareholding is more skewed than consumption
Gans, Joshua; Leigh, Andrew; Schmalz, Martin C.; … - 2018
Economic theory suggests that monopoly prices hurt consumers but benefit shareholders. But in a world where individuals …
Persistent link: https://www.econbiz.de/10011958679
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Inequality and market concentration, when shareholding is more skewed than consumption
Gans, Joshua; Leigh, Andrew; Schmalz, Martin C.; … - 2018
Economic theory suggests that monopoly prices hurt consumers but benefit shareholders. But in a world where individuals …
Persistent link: https://www.econbiz.de/10011942732
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Food deserts and the causes of nutritional inequality
Allcott, Hunt; Diamond, Rebecca; Dubé, Jean-Pierre; … - 2018
demand model, we find that exposing low-income households to the same products and prices available to high-income households … reduces nutritional inequality by only nine percent, while the remaining 91 percent is driven by differences in demand. These …
Persistent link: https://www.econbiz.de/10011976298
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Market Power and Income Distribution : Lessons from Hybrid Industrial-Labour Economics
Tong, Jian; Ornaghi, Carmine - 2023
Over the past thirty years, the income gap between capital and labour has widened, a shift accompanied by an increase in dominant firms’ market power. To understand the underlying causes, our study integrates imperfect competition in both product and labour markets, revealing how different...
Persistent link: https://www.econbiz.de/10014345151
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Market Power, Productivity and Distribution of Wages : Theory and Evidence With Micro Data
Shepotylo, Oleksandr - 2020
of wages to variation in market power of firms. The model predicts that wages depend crucially on the demand side … characteristics – they decline with market power if and only if demand elasticity is increasing with firm's output. Trade …
Persistent link: https://www.econbiz.de/10012833100
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Market power, productivity and distribution of wages : theory and evidence with micro data
Shepotylo, Oleksandr; Vakhitov, Volodymyr - 2020
-industry distribution of wages to variation in market power of firms. The model predicts that wages depend crucially on the demand side … characteristics - they decline with market power if and only if demand elasticity is increasing with firm's output. Trade …
Persistent link: https://www.econbiz.de/10012221390
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Labor market power and development
Armangué-Jubert, Tristany; Guner, Nezih; Ruggieri, … - 2023
Imperfect competition in labor markets can lead to efficiency losses and lower aggregate output. In this paper, we study whether differences in competitiveness of labor markets can help explain differences in GDP per capita across countries. We structurally estimate a model of oligopsony with...
Persistent link: https://www.econbiz.de/10014394242
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Measuring the price responsiveness of gasoline demand : economic shape restrictions and nonparametric demand estimation
Blundell, Richard W.; Horowitz, Joel; Parey, Matthias - In: Quantitative economics : QE ; journal of the … 3 (2012) 1, pp. 29-51
restrictions derived from economic theory to improve the precision of a nonparametric estimate of the demand function. Using data …This paper develops a new method for estimating a demand function and the welfare consequences of price changes. The … method is applied to gasoline demand in the United States and is applicable to other goods. The method uses shape …
Persistent link: https://www.econbiz.de/10011756415