Industrial Organization and The Rise of Market Power

Nathan H. Miller

No 32627, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This article addresses developments in the literature on The Rise of Market Power. First, it summarizes research about the result of De Loecker 2020 that the sales-weighted average markup has increased in the United States. Second, it summarizes and evaluates a set of industry studies that examine market power over long time horizons in specific settings. A theme that emerges from these industry studies is that technological advancements matter a great deal for the evolution of economic outcomes. By contrast, the studies do not point to weak antitrust enforcement as contributing to greater market power. The article concludes by outlining directions for future research.

JEL-codes: D40 L10 L40 L60 (search for similar items in EconPapers)
Date: 2024-06
New Economics Papers: this item is included in nep-com, nep-his and nep-reg
Note: IO
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