Results 31 to 40 of about 11,138,533 (374)
The Rise of Market Power and the Macroeconomic Implications
We document the evolution of markups based on firm-level data for the US economy since 1950. Initially, markups are stable, even slightly decreasing. In 1980, average markups start to rise from 18% above marginal cost to 67% now.
Jan De Loecker, J. Eeckhout
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Macroeconomics and Market Power: Context, Implications, and Open Questions
This article assesses several aspects of recent macroeconomic market power research. These include the ways market power is defined and measured; the use of accounting data to estimate markups; the quantitative implications of theoretical connections ...
C. Syverson
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THE EFFECT OF TOURISM OVERNIGHT STAYS ON CROATIA’S EXTRA VIRGIN OLIVE OIL PRICES AND MARKET POWER: AN EMPIRICAL STUDY [PDF]
The objective of this study was to analyse the impact of positive externalities of international tourism demand on increasing the market power (MP) of an extra virgin olive oil (EVOO) wholesaler in Croatia. In the context of this article, the MP measures
Zdravko Šergo+2 more
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China has embarked on a new round of power market reforms since 2015. Traditional power generation groups (TPGGs), as important practitioners of the electricity market, have taken various actions to adapt to the new market environment during recent years.
Jun Dong+5 more
doaj
Market power mitigation in the UK power market [PDF]
Market power has been a constant theme in the history of the electricity restructuring in England and Wales. When the industry was restructured, the government created three large generating companies, two of which shared almost all the stations capable of setting prices in the industry’s centralised spot market.
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Something is rotten in the state of America: Product market competition decline in the US? [PDF]
Based on available theoretical and empirical research, the paper demonstrates that although some decline in the product market price competition in the US has been observed, the non-price competition has become more intensive, therefore enhancing ...
Begović Boris
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Energy management of a virtual power plant (VPP) that consists of wind farm (WF), energy storage systems and a demand response program is discussed in the present study.
S. Pirouzi
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Green Certificates and Market Power on the Nordic Power Market [PDF]
The purpose of this study is to elucidate under which circumstances, how, and to what extent market power on a Tradable Green Certificates (TGC) market can be used to affect an entire electricity market. There are basically two reasons for being concerned with this.
Amundsen, Eirik S, Bergman, Lars
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The focus of this paper is on the analysis of market imperfections in the French and U.K. wheat value chains. We used mark-up and mark-down models and stochastic frontier analysis to estimate the degree of market imperfections in two completely different
Lukáš Čechura+1 more
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Is Aggregate Market Power Increasing? Production Trends Using Financial Statements
Recent work in macroeconomics argues that firm market power dramatically increased since the 1980s. Using financial statement data, I find that public firm markups increased only modestly over this time period, and are within historical variation.
James Traina
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