Heterogeneous firms and trade

MJ Melitz, SJ Redding - Handbook of international economics, 2014‏ - Elsevier
This chapter reviews the new approach to international trade based on firm heterogeneity in
differentiated product markets. This approach explains a variety of features exhibited in …

Firm-level upgrading in develo** countries

E Verhoogen - Journal of Economic Literature, 2023‏ - aeaweb.org
In principle, firms in develo** countries benefit from the fact that advanced technologies
and products have already been developed in industrialized countries and can simply be …

Monopsony in the US labor market

C Yeh, C Macaluso, B Hershbein - American Economic Review, 2022‏ - aeaweb.org
This paper quantifies employer market power in US manufacturing and how it has changed
over time. Using administrative data, we estimate plant-level markdowns—the ratio between …

Who set your wage?

D Card - American Economic Review, 2022‏ - aeaweb.org
I discuss the recent literature that has led to new interest in the idea of monopsonistic wage
setting. Building on advances in search theory and in models of differentiated products …

[کتاب][B] The great reversal: How America gave up on free markets

T Philippon - 2019‏ - degruyter.com
American markets, once a model for the world, are giving up on competition. Thomas
Philippon blames the unchecked efforts of corporate lobbyists. Instead of earning profits by …

Labor market power

D Berger, K Herkenhoff, S Mongey - American Economic Review, 2022‏ - aeaweb.org
We develop, estimate, and test a tractable general equilibrium model of oligopsony with
differentiated jobs and concentrated labor markets. We estimate key model parameters by …

Perspectives on the labor share

L Karabarbounis - Journal of Economic Perspectives, 2024‏ - aeaweb.org
As of 2022, the share of US income accruing to labor is at its lowest level since the Great
Depression. Updating previous studies with more recent observations, I document the …

Productivity and misallocation in general equilibrium

DR Baqaee, E Farhi - The Quarterly Journal of Economics, 2020‏ - academic.oup.com
This paper develops a general theory of aggregation in inefficient economies. We provide
nonparametric formulas for aggregating microeconomic shocks in economies with …

The rise of market power and the macroeconomic implications

J De Loecker, J Eeckhout… - The Quarterly Journal of …, 2020‏ - academic.oup.com
We document the evolution of market power based on firm-level data for the US economy
since 1955. We measure both markups and profitability. In 1980, aggregate markups start to …

Imperfect competition, compensating differentials, and rent sharing in the US labor market

T Lamadon, M Mogstad, B Setzler - American Economic Review, 2022‏ - aeaweb.org
We quantify the importance of imperfect competition in the US labor market by estimating the
size of labor market rents earned by American firms and workers. We construct a matched …