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The Rise of Market Power and the Macroeconomic Implications

 Jan De Loecker, Jan Eeckhout
  13th-Apr-2018
Description: The macroeconomy is experiencing a fundamental long term change in the last decades at a lower frequency than the business cycle.
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Domain: Electronics
Category: Business
Contributing Organization: JAN EECKHOUT
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Contents:
The Rise of Market Power
and the Macroeconomic Implications∗
Jan De Loecker†
KU Leuven and Princeton University
NBER and CEPR

Jan Eeckhout‡
UPF-ICREA-GSE and UCL

August 24, 2017

Abstract
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 ... See more

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