Has Market Power of U.S. Firms Increased?

Mary Amiti and Sebastian Heise

No 20210621a, Liberty Street Economics from Federal Reserve Bank of New York

Abstract: A number of studies have documented that market concentration among U.S. firms has increased over the last decades, as large firms have grown more dominant. In a new study, we examine whether this rising domestic concentration means that large U.S. firms have more market power in the manufacturing sector. Our research argues that increasing foreign competition over the last few decades has in fact reduced U.S. firms’ market power in manufacturing.

Keywords: market concentration; markups; import competition (search for similar items in EconPapers)
JEL-codes: E2 (search for similar items in EconPapers)
Date: 2021-06-21
New Economics Papers: this item is included in nep-com, nep-ind and nep-mac
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