A short thread for anyone studying market power.
TL;DR: In our data, larger firms exhibit *lower* markups - but much higher markdowns.
www.sciencedirect.com/science/arti...
A short thread for anyone studying market power.
TL;DR: In our data, larger firms exhibit *lower* markups - but much higher markdowns.
www.sciencedirect.com/science/arti...
TL;DR: Labour market power leads to large productivity losses.
Keep reading if you’re interested in misallocation, tech diffusion, and regional disparities (you should be!).
TL;DR: Labour market power leads to large productivity losses.
Keep reading if you’re interested in misallocation, tech diffusion, and regional disparities (you should be!).