The price of power: why rising markups hurt innovation and widen inequality

Giammario Impullitti and Pontus Rendahl

CentrePiece - The magazine for economic performance from Centre for Economic Performance, LSE

Abstract: Over the past four decades, the United States has seen rising market power, slowing productivity growth and deepening wealth inequality. Giammario Impullitti and Pontus Rendahl explore how declining competition may be the common culprit.

Keywords: market power; growth; heterogeneous agents; wealth distribution (search for similar items in EconPapers)
Date: 2025-06-20
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Persistent link: https://EconPapers.repec.org/RePEc:cep:cepcnp:702

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