Skip to main navigation Skip to main content
info(at)avldigital.remove-this.de
Deutsch English
Last searches

Results for *

Displaying results 1 to 24 of 24.

  1. Concentration in international markets
    evidence from US imports
    Author: Bonfiglioli, Alessandra; Crinò, Rosario; Gancia, Gino Alessandro
    Published: February 2019
    Publisher:  GSE, Graduate School of Economics, Barcelona

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 541
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Content information
    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Edition: This draft: February 2019
    Series: Barcelona GSE working paper series ; no 1074
    Subjects: Superstar Firms; Concentration; US Imports; Firm Heterogeneity; International Trade
    Scope: 1 Online-Ressource (circa 34 Seiten), Illustrationen
  2. Testing marx. capital accumulation, income inequality, and socialism in late nineteenth-century Germany
    Author: Bartels, Charlotte; Kersting, Felix; Wolf, Nikolaus
    Published: 20 February 2023
    Publisher:  Centre for Economic Policy Research, London

    Access:
    Verlag (lizenzpflichtig)
    Verlag (lizenzpflichtig)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    LZ 161
    Inter-library loan:
    No inter-library loan

    Location:
    Universitätsbibliothek Mannheim
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP17925
    Subjects: Income Inequality; Concentration; Top Incomes; Capital Share; Capital Accumulation
    Scope: 1 Online-Ressource (circa 70 Seiten), Illustrationen
  3. What drives wage stagnation
    monopsony or monopoly?
    Author: Deb, Shubhdeep; Eeckhout, Jan; Patel, Aseem; Warren, Lawrence
    Published: [2022]
    Publisher:  BSE, Barcelona School of Economics, [Barcelona]

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 541
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: BSE working paper ; 1361 (September 2022)
    Subjects: Market Power; Monopsony; Monopoly; Markdowns; Markups; Wage Stagnation; Concentration; HHI
    Scope: 1 Online-Ressource (circa 51 Seiten), Illustrationen
  4. Market concentration in fintech
    Author: Corbae, Dean; D'Erasmo, Pablo N.; Liu, Kuan
    Published: [2023]
    Publisher:  Research Department, Federal Reserve Bank of Philadelphia, Philadelphia, PA

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 438
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Series: Working papers / Research Department, Federal Reserve Bank of Philadelphia ; 23, 11 (June 2023)
    Subjects: Fintech; Concentration; Mortgage Lending
    Scope: 1 Online-Ressource (circa 32 Seiten), Illustrationen
  5. The role of firms in wage inequality dynamics
    Author: Silva, Joana; Leitao, Martim; Montana, Jaime
    Published: 25 May 2022
    Publisher:  Centre for Economic Policy Research, London

    Access:
    Verlag (lizenzpflichtig)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    LZ 161
    Inter-library loan:
    No inter-library loan

    Location:
    Universitätsbibliothek Mannheim
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP17327
    Subjects: Labor market; Wage inequality; firms; institutions; tecnology; Concentration
    Scope: 1 Online-Ressource (circa 54 Seiten), Illustrationen
  6. Regulatory costs and market power
    Author: Singla, Shikhar
    Published: [2023]
    Publisher:  DFG Center for Advanced Studies on the Foundations of Law and Finance, House of Finance, Goethe University, Frankfurt am Main, Germany

    Industry concentration and markups in the US have been rising over the last 3- 4 decades. However, the causes remain largely unknown. This paper uses machine learning on regulatory documents to construct a novel dataset on compliance costs to examine... more

    Access:
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 778
    Inter-library loan:
    No inter-library loan

     

    Industry concentration and markups in the US have been rising over the last 3- 4 decades. However, the causes remain largely unknown. This paper uses machine learning on regulatory documents to construct a novel dataset on compliance costs to examine the effect of regulations on market power. The dataset is comprehensive and consists of all significant regulations at the 6-digit NAICS level from 1970-2018. We find that regulatory costs have increased by $1 trillion during this period. We document that an increase in regulatory costs results in lower (higher) sales, employment, markups, and profitability for small (large) firms. Regulation driven increase in concentration is associated with lower elasticity of entry with respect to Tobin's Q, lower productivity and investment after the late 1990s. We estimate that increased regulations can explain 31-37% of the rise in market power. Finally, we uncover the political economy of rulemaking. While large firms are opposed to regulations in general, they push for the passage of regulations that have an adverse impact on small firms.

     
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/269204
    Series: LawFin working paper ; no. 47
    Subjects: Market Power; Competition; Concentration; Machine Learning; Regulations
    Scope: 1 Online-Ressource (circa 83 Seiten), Illustrationen
  7. Local and national concentration trends in jobs and sales
    the role of structural transformation
    Author: Autor, David H.; Patterson, Christina; Van Reenen, John
    Published: 21 April 2023
    Publisher:  Centre for Economic Policy Research, London

    Access:
    Verlag (lizenzpflichtig)
    Verlag (lizenzpflichtig)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    LZ 161
    Inter-library loan:
    No inter-library loan

    Location:
    Universitätsbibliothek Mannheim
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP18101
    Subjects: Strukturwandel; Regionaler Strukturwandel; Unternehmenskonzentration; Konzentrationsrate; Regionaler Arbeitsmarkt; Regionales Cluster; USA; Concentration; structural transformation
    Scope: 1 Online-Ressource (circa 30 Seiten), Illustrationen
  8. The effects of two-way lending between financial conglomerates in bilateral repo markets
    Author: Cañón, Carlos Iván; Flórez A., Jorge Hernán; Gómez, Karoll
    Published: [2023]
    Publisher:  Banco de la Republica Colombia, Bogotá, Colombia

    Access:
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 468
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 20.500.12134/10678
    Series: Borradores de economía ; no.1246 (2023)
    Subjects: Repo market; Financial conglomerates; Relationship lending; two-way lending; Competition; Concentration; Market power; Financial stability
    Scope: 1 Online-Ressource (circa 59 Seiten), Illustrationen
  9. Consumption zones
    Author: Batch, Andrea; Bridgman, Benjamin; Dunn, Abe; Gholizadeh, Mahsa
    Published: May 2023
    Publisher:  U.S. Department of Commerce, Bureau of Economic Analysis, Washington, DC

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: BEA working paper series ; WP2023, 3
    Subjects: Consumption Zones (ConZs); Consumption; Geographic Markets; Concentration; Card Data
    Scope: 1 Online-Ressource (circa 33 Seiten), Illustrationen
  10. Improving performance through allocation and competition
    evidence from a patient choice reform
    Author: Kortelainen, Mika; Laine, Liisa T.; Lavaste, Konsta; Saxell, Tanja; Siciliani, Luigi
    Published: 2023
    Publisher:  VATT Institute for Economic Research, Helsinki, Finland

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 439
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Series: VATT working papers ; 156
    Subjects: Reallocation; Heterogeneous Producers; Performance; Competition; Concentration; Patient Choice; Market Structure
    Scope: 1 Online-Ressource (circa 83 Seiten)
  11. Concentration of the mobile telecommunications markets and countries' competitiveness
    Author: Bardey, David; Aristizábal, Danilo; Sáenz, Bibiana; Gómez, Santiago
    Published: octubre de 2020
    Publisher:  CEDE, Centro de Estudios sobre Desarrollo Económico, Bogotá, D.C., Colombia

    Location:
    Ibero-Amerikanisches Institut Preußischer Kulturbesitz, Bibliothek
    Inter-library loan:
    Unlimited inter-library loan, copies and loan
    Export to reference management software   RIS file
      BibTeX file
    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: Documento CEDE ; 2020, 42 (octubre de 2020)
    Subjects: Market structure; Concentration; Competitiveness; Telecommunica-tions industry
    Scope: 19 Seiten, Diagramme
  12. Testing Marx
    income inequality, concentration, and socialism in late 19th century Germany
    Author: Bartels, Charlotte; Kersting, Felix; Wolf, Nikolaus
    Published: [2021]
    Publisher:  European Historical Economics Society, [Europa]

    We study the dynamics of income inequality, capital concentration, and voting outcomes before 1914. Based on new panel data for Prussian counties and districts we re-evaluate the key economic debate between Marxists and their critics before 1914. We... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 790
    Inter-library loan:
    No inter-library loan

     

    We study the dynamics of income inequality, capital concentration, and voting outcomes before 1914. Based on new panel data for Prussian counties and districts we re-evaluate the key economic debate between Marxists and their critics before 1914. We show that the increase in inequality was strongly correlated with a rising capital share, as predicted by Marxists at the time. In contrast, rising capital concentration was not associated with increasing income inequality. Relying on new sector×county data, we show that increasing strike activity worked as an offsetting factor. Similarly, the socialists did not directly benefit from rising inequality at the polls, but from the activity of trade unions. Overall, we find evidence for a rise in the bargaining power of workers, which limited the increase in inequality before 1914.

     
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/247141
    Series: EHES working paper ; no. 211 (March 2021)
    Subjects: Income Inequality; Concentration; Top Incomes; CapitalShare; Germany
    Scope: 1 Online-Ressource (circa 56 Seiten), Illustrationen
  13. Concentration in product markets
    Author: Benkard, C. Lanier; Yurukoglu, Ali; Zhang, Anthony Lee
    Published: [2021]
    Publisher:  Stigler Center for the Study of the Economy and the State, University of Chicago Booth School of Business, Chicago, IL

    This paper uses new data to reexamine trends in concentration in U.S. markets from 1994 to 2019. The paper's main contribution is to construct concentration measures that reflect narrowly defined consumption-based product markets, as would be defined... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 827
    Inter-library loan:
    No inter-library loan

     

    This paper uses new data to reexamine trends in concentration in U.S. markets from 1994 to 2019. The paper's main contribution is to construct concentration measures that reflect narrowly defined consumption-based product markets, as would be defined in an antitrust setting, while accounting for cross-brand ownership, and to do so over a broad range of consumer goods and services. Our findings differ substantially from well established results using production data. We find that 42.2% of the industries in our sample are "highly concentrated" as defined by the U.S. Horizontal Merger Guidelines, which is much higher than previous results. Also in contrast with the previous literature, we find that product market concentration has been decreasing since 1994. This finding holds at the national level and also when product markets are defined locally in 29 state groups. We find increasing concentration once markets are aggregated to a broader sector level. We argue that these two diverging trends are best explained by a simple theoretical model based on Melitz and Ottaviano (2008), in which the costs of a firm supplying adjacent geographic or product markets falls over time, and efficient firms enter each others' home product markets.

     
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/262710
    Series: New working paper series / Chicago Booth, Stigler Center for the Study of the Economy and the State ; no. #308 (May 2021)
    Subjects: Concentration; Product markets
    Scope: 1 Online-Ressource (circa 59 Seiten), Illustrationen
  14. The evolution of U.S. retail concentration
    Author: Smith, Dominic; Ocampo Díaz, Sergio
    Published: [2022]
    Publisher:  U.S. Census Bureau, Center for Economic Studies, Washington, DC

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 539
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working papers / Center for Economic Studies, U.S. Census Bureau ; 22, 07 (March 2022)
    Subjects: Retail; Local Markets; Concentration; Herfindahl-Hirschman Index
    Scope: 1 Online-Ressource (circa 75 Seiten), Illustrationen
  15. Non-linear effects of market concentration on the underwriting profitability of the non-life insurance sector in Europe
    Author: Janků, Jan; Badura, Ondřej
    Published: 2021
    Publisher:  Czech National Bank, Economic Research Department, Praha

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 490
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper series / Czech National Bank ; 2021, 9
    Subjects: Concentration; insurance sector; loss ratio; low interest rates; underwriting profitability
    Scope: 1 Online-Ressource (circa 36 Seiten), Illustrationen
  16. The barycenter of the distribution and its application to the measurement of inequality
    the balance of inequality, the Gini index, and the Lorenz curve
    Author: Di Maio, Giorgio
    Published: March 2022
    Publisher:  Luxembourg Income Study (LIS), asbl, Luxembourg

    This paper introduces in statistics the notion of the barycenter of the distribution of a non-negative random variable Y with a positive finite mean μY and the quantile function Q(x). The barycenter is denoted by μX and defined as the expected value... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 153
    Inter-library loan:
    No inter-library loan

     

    This paper introduces in statistics the notion of the barycenter of the distribution of a non-negative random variable Y with a positive finite mean μY and the quantile function Q(x). The barycenter is denoted by μX and defined as the expected value of the random variable X having the probability density function fX(x) = Q(x)/μY. For continuous populations, the Gini index is 2μX − 1, i.e., the normalization of the barycenter, which is in the range [0, 1/2], the concentration area is μX − 1/2, and the Gini’s mean difference is 4μY (μX − 1/2). The same barycenter-based formulae hold for normalized discrete populations. The introduction of the barycenter allows for new economic, geometrical, physical, and statistical interpretations of these measures. For income distributions, the barycenter represents the expected recipient of one unit of income, as if the stochastic process that leads to the distribution of the total income among the population was observable as it unfolds. The barycenter splits the population into two groups, which can be considered as “the winners” and “the losers” in the income distribution, or “the rich” and “the poor”. We provide examples of application to thirty theoretical distributions and an empirical application with the estimation of personal income inequality in Luxembourg Income Study Database’s countries. We conclude that the barycenter is a new measure of the location or central tendency of distributions, which may have wide applications in both economics and statistics.

     
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/267030
    Series: LIS working paper series ; no. 830
    Subjects: Balance of Inequality; Balance of Inequality index; Barycenter; BOI index; Concentration; Concentration area; Concentration ratio; Gini index; Gini mean difference; Inequality; Income inequality; Lorenz curve; Pen parade; Quantile function
    Scope: 1 Online-Ressource (circa 90 Seiten), Illustrationen
  17. What drives wage stagnation
    monopsony or monopoly?
    Author: Deb, Shubhdeep; Eeckhout, Jan; Patel, Aseem; Warren, Lawrence
    Published: [2022]
    Publisher:  Institute for Fiscal Studies, [London]

    Wages for the vast majority of workers have stagnated since the 1980s while productivity has grown. We investigate two coexisting explanations based on rising market power: 1. Monopsony, where dominant firms exploit the limited mobility of their own... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 141
    Inter-library loan:
    No inter-library loan

     

    Wages for the vast majority of workers have stagnated since the 1980s while productivity has grown. We investigate two coexisting explanations based on rising market power: 1. Monopsony, where dominant firms exploit the limited mobility of their own workers to pay lower wages; and 2. Monopoly, where dominant firms charge too high prices for what they sell, which lowers production and the demand for labor, and hence equilibrium wages economy-wide. Using establishment data from the US Census Bureau between 1997 and 2016, we find evidence of both monopoly and monopsony, where the former is rising over this period and the latter is stable. Both contribute to the decoupling of productivity and wage growth, with monopoly being the primary determinant: in 2016 monopoly accounts for 75% of wage stagnation, monopsony for 25%.

     
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/284209
    Series: Working paper / lnstitute for Fiscal Studies ; 22, 39
    Subjects: Market Power; Monopsony; Monopoly; Markdowns; Markups; Wage Stagna-tion; Concentration; HHI
    Scope: 1 Online-Ressource (circa 51 Seiten), Illustrationen
  18. What drives wage stagnation
    monopsony or monopoly?
    Author: Deb, Shubhdeep; Eeckhout, Jan; Patel, Aseem; Warren, Lawrence
    Published: [2022]
    Publisher:  U.S. Census Bureau, Center for Economic Studies, Washington, DC

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 539
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working papers / Center for Economic Studies, U.S. Census Bureau ; 22, 45 (October 2022)
    Subjects: Market Power; Monopsony; Monopoly; Markdowns; Markups; Wage Stagnation; Concentration; HHI
    Scope: 1 Online-Ressource (circa 51 Seiten), Illustrationen
  19. Assessing EU merger control through compensating efficiencies
    Author: Affeldt, Pauline Luise; Duso, Tomaso; Gugler, Klaus; Piechucka, Joanna
    Published: 09 November 2021
    Publisher:  Centre for Economic Policy Research, London

    Access:
    Verlag (lizenzpflichtig)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    LZ 161
    Inter-library loan:
    No inter-library loan

    Location:
    Universitätsbibliothek Mannheim
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP16705
    Subjects: Compensating efficiencies; Efficiency gains; Merger Control; Concentration; Screens; HHI; mergers; Unilateral Effects; Market Definition; Entry Bar
    Scope: 1 Online-Ressource (circa 50 Seiten), Illustrationen
  20. Suurimpien yritysten rooli Suomen kansantaloudessa
    Author: Ali-Yrkkö, Jyrki; Ylhäinen, Ilkka; Pajarinen, Mika; Kuusi, Tero
    Published: 25.03.2021
    Publisher:  ETLA, Elinkeinoelämän Tutkimuslaitos, Helsinki

    In this study, we have analysed the role of the largest companies in the Finnish economy. According to the results, the list of ten largest companies in terms of their domestic value added is diverse and includes companies operating in the... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DSP 284
    Inter-library loan:
    No inter-library loan

     

    In this study, we have analysed the role of the largest companies in the Finnish economy. According to the results, the list of ten largest companies in terms of their domestic value added is diverse and includes companies operating in the manufacturing industry, the service industry, as well as the financial industry. In 2019, these top 10 companies together produced 5.7% of the Finnish gross domestic product (GDP). In terms of domestic employment, the significance of this group remains lower, accounting for 3.7% of the employment of the business sector. Although both the share of GDP and employment have declined, the role of these top 10 companies in the Finnish economy remains significant.

     
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: Finnish
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/251077
    Series: ETLA raportti ; 109
    Subjects: Large; Largest; Companies; Firms; GDP; Gross domestic product; Concentration; Group; Granular
    Scope: 1 Online-Ressource (circa 12 Seiten), Illustrationen
  21. Global giants and local stars
    how changes in brand ownership affect competition
    Author: Alviarez, Vanessa; Head, Keith; Mayer, Thierry
    Published: June 2021
    Publisher:  Inter-American Development Bank, Department of Research and Chief Economist, [Washington, DC]

    We assess the consequences for consumers in 76 countries of multinational acquisitions in beer and spirits. Outcomes depend on how changes in ownership affect markups versus efficiency. We find that owner fixed effects contribute very little to the... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 144
    Inter-library loan:
    No inter-library loan

     

    We assess the consequences for consumers in 76 countries of multinational acquisitions in beer and spirits. Outcomes depend on how changes in ownership affect markups versus efficiency. We find that owner fixed effects contribute very little to the performance of brands. On average, foreign ownership tends to raise costs and lower appeal. Using the estimated model, we simulate the consequences of counter-factual national merger regulation. The US beer price index would have been 4-7% higher without divestitures. Up to 30% savings could have been obtained in Latin America by emulating the pro-competition policies of the US and EU.

     
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/237448
    Series: IDB working paper series ; no IDB-WP-1149
    Subjects: Multinationals; Oligopoly; Markups; Concentration; Firm effects; Brands; Frictions; Mergers and acquisitions; Competition policy
    Scope: 1 Online-Ressource (circa 70 Seiten), Illustrationen
  22. Market concentration in Europe
    evidence from antitrust markets
    Author: Affeldt, Pauline Luise; Duso, Tomaso; Gugler, Klaus; Piechucka, Joanna
    Published: 2021
    Publisher:  DIW Berlin, German Institute for Economic Research, Berlin

    An increasing body of empirical evidence is documenting trends toward rising concentration, profits, and markups in many industries around the world since the 1980s. Two major criticisms of these studies is that concentration and market shares are... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 14
    Inter-library loan:
    No inter-library loan

     

    An increasing body of empirical evidence is documenting trends toward rising concentration, profits, and markups in many industries around the world since the 1980s. Two major criticisms of these studies is that concentration and market shares are poorly measured at the national industry level while firm level revenues are a poor indicator of product sales. We use a novel database that identifies over 20,000 product/geographic antitrust markets affected by over2,000 mergers scrutinized by the European Commission between 1995 and 2014. We show that concentration, as measured by the market-specific post-merger HHI, is larger than reported in the extant literature (at least) by a factor of ten. We also show that concentration has increased over time on average. Yet, there is a great deal of heterogeneity across geographic markets and within broader industries. In a regression analysis that exploits this within-industry variation, we show that barriers to entry are unambiguously positively related to concentration irrespective of time periods, sectors of activity, and geographical market dimension analyzed. Strict past merger enforcement negatively correlates with concentration. Yet, this effect is stronger in the earlier decade (1995-2004) than subsequently. Intangibility of investments consistently displays positive correlation with concentration only for EU wide and worldwide services markets. In contrast, the correlation is negative in national markets. This underscores the importance of the large heterogeneity present in concentration developments across markets.

     
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/229903
    Edition: This draft: January 20, 2021
    Series: Discussion papers / Deutsches Institut für Wirtschaftsforschung ; 1930
    Subjects: Concentration; HHI; Market Definition; Entry Barriers; Mergers; Merger Control; Intangibles
    Scope: 1 Online-Ressource (circa 43 Seiten), Illustrationen
  23. Concentration of the mobile telecommunications markets and countries' competitiveness
    Author: Bardey, David; Aristizábal, Danilo; Sáenz, Bibiana; Gómez, Santiago
    Published: [2020]
    Publisher:  CEDE, Centro de Estudios sobre Desarrollo Económico, Bogotá, D.C., Colombia

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 708
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Documento CEDE ; 2020, 42 (octubre de 2020)
    Subjects: Market structure; Concentration; Competitiveness; Telecommunica-tions industry
    Scope: 1 Online-Ressource (circa 23 Seiten), Illustrationen
  24. Concentration of the mobile telecommunications markets and countries' competitiveness
    Author: Bardey, David; Aristizábal, Danilo; Sáenz, Bibiana; Gómez, Santiago
    Published: octubre de 2020
    Publisher:  CEDE, Centro de Estudios sobre Desarrollo Económico, Bogotá, D.C., Colombia

    Location:
    Ibero-Amerikanisches Institut Preußischer Kulturbesitz, Bibliothek
    Signature:
    B 23 / 2014
    Inter-library loan:
    Unlimited inter-library loan, copies and loan
    Export to reference management software   RIS file
      BibTeX file
    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: Documento CEDE ; 2020, 42 (octubre de 2020)
    Subjects: Market structure; Concentration; Competitiveness; Telecommunica-tions industry
    Scope: 19 Seiten, Diagramme