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politischer Macht sowie zwischen Marktmacht im engeren Sinne und Macht als Folge von Unternehmensgröße (Skalenmacht) zur … Diskussion gestellt. Eine Synthese der historischen Literatur über Marktmacht in Österreich dokumentiert die mangels empirischer … damit die Grundlage für eine aktuelle Einschätzung der Entwicklung von Marktmacht österreichischer Unternehmen im …
Persistent link: https://www.econbiz.de/10014230708
The study of market power has gained a lot of attention by scholars and policy-makers since De Loecker and Eeckhout (2018). In their work, they show the temporal evolution of market power worldwide using detailed data from the financial statements of thousands of firms. In this paper, we propose...
Persistent link: https://www.econbiz.de/10013212092
We assess the impact of fiscal adjustments (and technology) on the evolution of markups in a panel of 14 OECD countries. We allow for smooth changes in the technological parameters by generating measures of TFP compatible with markups and assess the interaction between the two variables. Our...
Persistent link: https://www.econbiz.de/10013019347
This paper examines whether gains in bank megamergers occur due to efficiency improvements or the exercise of market power using financial statement line item forecasts from Value Line to infer the effect of the merger on prices and quantities. The average megamerger is associated with...
Persistent link: https://www.econbiz.de/10012991899
Persistent link: https://www.econbiz.de/10014062868
The paper deals with the notion of market power in the writings of two well-known Italian marginalists: Vilfredo Pareto (1848-1923), and Enrico Barone (1859-1924). It brings into focus the two economists' definition of the sources of market power, the kind of entry barriers the identified, and...
Persistent link: https://www.econbiz.de/10014063781
A central question in the debate over privatized Medicare is whether increased government payments to private Medicare Advantage (MA) plans generate lower premiums for consumers or higher profits for producers. Using difference-in-differences variation brought about by a sharp legislative...
Persistent link: https://www.econbiz.de/10012937799
In this paper we explore the link between monetary policy and market power. We start by establishing several facts on market power in UK markets using micro data. First, while no clear trend emerges for market concentration, market power measured by markups estimated at the firm level have...
Persistent link: https://www.econbiz.de/10012871232
We show that U.S. banks price deposits almost uniformly across their branches and that this pricing practice is crucial to explain the deposit rate dynamics following bank mergers. We find a strong and sharp post-merger convergence between the deposit rates of the acquired branches and the...
Persistent link: https://www.econbiz.de/10012859318
Recent empirical studies suggest that there is a rising trend of market power across sectors in advanced economies. We contribute to this line of research by providing industry-specific evidence for German manufacturing industries, based on representative high-quality firm level data from...
Persistent link: https://www.econbiz.de/10012253813