The Rise of Market Power and the Macroeconomic Implications*
Abstract 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 markup...
Abstract 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 markup...
h-index: Number of publications with at least h citations each.