Aggregate Market Power: Measurement, Drivers, and Macroeconomic Effects
ABSTRACT This survey reviews the macroeconomic literature on market power, focusing on its measurement, determinants, and macroeconomic effects. It synthesizes evidence from concentration ratios, business dynamism indicators, and markup/markdown estimates, documenting a distinct change in trends since the 1980s, especially in the United States ...
Maria Alessandra Rossi
wiley +1 more source
Tight Bounds Between the Jensen-Shannon Divergence and the Minmax Divergence. [PDF]
Akopyan A +3 more
europepmc +1 more source
Capital‐Labour Substitution in Macroeconomics: A Survey of Mechanisms, Dynamics and Policy Insights
ABSTRACT Macroeconomic conclusions often hinge on a single, hard‐to‐pin‐down parameter: the elasticity of substitution between capital and labour, σ. This survey synthesises theory and evidence on how results change once we move beyond the Cobb–Douglas benchmark (σ=1$\sigma = 1$).
Francisco Rebelo, Fernando Del Río
wiley +1 more source
Secure Multi-User Near-Field Transmission with Movable Antennas and a Stacked Intelligent Metasurface. [PDF]
Zhang Y +5 more
europepmc +1 more source
Feedback and Contagion through Distressed Competition
ABSTRACT Firms tend to compete more aggressively when facing financial distress. This intensified competition reduces profit margins, pushing them further into distress and adversely affecting their industry peers. To study such feedback and contagion effects, we incorporate strategic competition in a dynamic model with long‐term defaultable debt ...
HUI CHEN +3 more
wiley +1 more source
Global Burden and Forecasting of Musculoskeletal Disability Attributable to High BMI, 1990-2040: A GBD 2021 and Mendelian Randomization Study. [PDF]
Zeng H +7 more
europepmc +1 more source
Excess Movement in Option‐Implied Beliefs
ABSTRACT We derive bounds on the rational variation in option‐implied beliefs about market returns. While risk preferences distort option‐implied (or risk‐neutral) beliefs away from subjective beliefs, one can nonetheless bound risk‐neutral belief movement under a general assumption on the stochastic discount factor.
NED AUGENBLICK, EBEN LAZARUS
wiley +1 more source
Low-Noise Direct Denoising Sampling for DPM++ Samplers with Denoised Outputs. [PDF]
Liang Z, Wang J.
europepmc +1 more source
Socioeconomic and community determinants of under-five mortality in the Dominican Republic: a multilevel analysis of national survey data. [PDF]
Christie AC +6 more
europepmc +1 more source
Socio-Economic Inequalities and Child Mortality in Pakistan: Evidence From the Pakistan Demographic and Health Survey 2017-18. [PDF]
Ibupoto MH, Kakepoto H.
europepmc +1 more source

