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Manufacturers with wholesale price indices from the Bank of Japan, and Herfindahl indices from the Japan Fair Trade Commission. The … price-cost margins tend to be more concentrated. Cross-section estimates reveal a U-shaped mapping from concentration to …
Persistent link: https://www.econbiz.de/10013159744
Manufacturers with wholesale price indices from the Bank of Japan, and Herfindahl indices from the Japan Fair Trade Commission. The … price-cost margins tend to be more concentrated. Cross-section estimates reveal a U-shaped mapping from concentration to …
Persistent link: https://www.econbiz.de/10003921747
Persistent link: https://www.econbiz.de/10012821864
We study the gains from trade in a model with oligopolistic competition, heterogeneous firms and innovation, and provide a formula to decompose the mechanism. The new insight we provide is that market concentration can be a welfare-relevant feature of market power above and beyond markup...
Persistent link: https://www.econbiz.de/10012507344
Persistent link: https://www.econbiz.de/10012664652
This paper analyses the impact of common ownership on markups and innovation and adds to the discussion of the recently observed patterns of a long term rise in market power. We shed light on the inconclusiveness of results regarding the effects of common ownership on markups in the existing...
Persistent link: https://www.econbiz.de/10012224881
Persistent link: https://www.econbiz.de/10013399918
successful innovations is endogenous – firms produce vertically differentiated substitute goods and compete in price. Based on … dynamic problem. A key insight in our results is that explicitly modeling price competition and the market structure plays an … income inequality has a negative effect on innovation when the market quality gap is large, in which case, price competition …
Persistent link: https://www.econbiz.de/10013142385
Persistent link: https://www.econbiz.de/10013549228
We study the interaction of customer capital and productivity through brand reallocation across firms. We develop a firm dynamics model with brands as transferable customer capital, heterogeneous firm productivity, and variable markups. We study the matching process between transferable brand...
Persistent link: https://www.econbiz.de/10015062505