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Market concentration and aggregate productivity : the role of demand

Pearce, Jeremy; Wu, Liangjie - 2025

This paper studies the relationship between market concentration and aggregate productivity when firmlevel demand … emerges from past marketing investments. Granular firms may invest in demand both to complement their productivity and to … importance of this mismatch depends on the relative persistence of productivity and demand. Empirically, we find that demand is …

Persistent link: https://www.econbiz.de/10015438049

Do larger firms have higher markups?

Mertens, Matthias; Mottironi, Bernardo - Leibniz-Institut für Wirtschaftsforschung Halle - 2023

Several models posit a positive cross-sectional correlation between markups and firm size, which, among others, characterizes misallocation, factor shares, and gains from trade. Yet, taking labor market power into account in markup estimation, we show that larger firms have lower markups. This...

Persistent link: https://www.econbiz.de/10013549237

Do larger firms have higher markups?

Mertens, Matthias; Mottironi, Bernardo - 2023

Persistent link: https://www.econbiz.de/10013482898

Testing market power and welfare effects in the US catfish industry

Nguyen, Giap V.; Jolly, Curtis M.; Nguyen, Thong T. - In: Journal of agricultural & food industrial organization 20 (2022) 2, pp. 1-12

Persistent link: https://www.econbiz.de/10013259587

Concentration and markups in international trade

Alviarez, Vanessa; Fioretti, Michele; Kikkawa, Ken; … - 2025

This paper derives a closed-form expression linking aggregate markups on im- ported inputs to concentration in a model of firm-to-firm trade with two-sided market power. Our theory extends standard oligopoly insights in two dimensions. First, it reveals that markups increase with exporter...

Persistent link: https://www.econbiz.de/10015438654

Measuring Market Power in Wholesale Electricity Italian Market

Bollino, C. Andrea - 2019

build the residual demand for each Italian Generation Company. The construction of the residual demand curve system is the … demand curve elasticity which is computed as arc elasticity. The expected results is a deeper understanding of the Wholesale …

Persistent link: https://www.econbiz.de/10012706062

Some Observations on Claims That Rising Market Power Is Responsible for US Economy Ills and That Lax Antitrust Is the Villain

Carlton, Dennis W. - 2020

This paper evaluates the recent literature claiming that the US economy has generally become less competitive causing the US economy to perform poorly and that lax antitrust policy is one important reason for the decline in economic performance. Although there certainly are empirical facts...

Persistent link: https://www.econbiz.de/10012829706

Metcash, Market Power and Counterfactuals

Veljanovski, Cento - 2018

The standard of proof required in merger cases has become the centre of considerable controversies and confusion following the Australian Federal Court's decision in Metcash. This paper reviews the use of counterfactuals and the inherent contradictions in adopting the real chance standard of...

Persistent link: https://www.econbiz.de/10012940200

Countervailing Power and Chain Stores

Mills, David E. - 2011

The countervailing power of large buyers subdues the market power of sellers, but price concessions won by large buyers in upstream markets may or may not translate into lower prices downstream. This paper presents a model in which upstream price concessions leads to lower downstream prices. In...

Persistent link: https://www.econbiz.de/10013118436

Countervailing Power in a Vertical Market Experiment

Königstein, Manfred; Papadopoulos, Konstantinos G. - 2022

In a vertical market experiment featuring a wholesale market and a retail market we investigate the countervailing power hypothesis of Galbraith (1952). Counter to standard models of imperfect competition this hypothesis proposes that increasing concentration of retail firms might be beneficial...

Persistent link: https://www.econbiz.de/10014078114