Trade, Spatial, and Industrial Organization.
TL/DR: Superstar firms have used globalization to grow bigger, leveraging economies of scale. Their marginal costs have fallen, but little has passed through to customers as markups have risen.
www.sganapati.com/files/Ganapa...
TL/DR: Superstar firms have used globalization to grow bigger, leveraging economies of scale. Their marginal costs have fallen, but little has passed through to customers as markups have risen.
www.sganapati.com/files/Ganapa...
www.economist.com/special-repo...
www.economist.com/special-repo...