THE RISE OF MARKET POWER AND THE MACROECONOMIC IMPLICATIONS

We document the evolution of market power based on firm-level data for the U.S. economy since 1955. We measure both markups and profitability. In 1980, aggregate markups start to rise from 21% above marginal cost to 61% now. The increase is driven mainly by the upper tail of the markup distribution:...

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Bibliographic details
Volume: 135
Main Author: De Loecker, Jan
Eeckhout, Jan
Unger, Gabriel
Format: Journal Article
Language: English
Place of publication: CARY OXFORD UNIV PRESS INC 01.05.2020
published in: The Quarterly journal of economics Vol. 135; no. 2; pp. 561 - 644
Data of publication: 2020-05-01
ISSN: 0033-5533
1531-4650
EISSN: 1531-4650
Discipline: Economics
Subjects:
Online Access: available in Bonn?
Database: Social Sciences Citation Index
Web of Science - Social Sciences Citation Index – 2020
Web of Knowledge
Web of Science
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