全球智库信息集成服务系统(G2TT): Markups and Inequality

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w25952
来源ID	Working Paper 25952
	Markups and Inequality
	Corina Boar; Virgiliu Midrigan
发表日期	2019-06-17
出版年	2019
语种	英语
摘要	We study optimal product market interventions in an unequal economy in which ﬁrm ownership is concentrated and markups increase with ﬁrm market shares. We characterize optimal regulation in a static Mirrleesian setting in which we impose no constraints on the shape of interventions, and take into account their general equilibrium and distributional eﬀects. We ﬁnd that optimal regulation improves allocative eﬃciency, thereby increasing product market concentration. Though it leads to greater inequality, optimal regulation increases the equilibrium wage, beneﬁting most households. This result extends to a dynamic setting with capital and wealth accumulation.
主题	Microeconomics ; Market Structure and Distribution ; Macroeconomics ; Consumption and Investment ; Industrial Organization ; Market Structure and Firm Performance
URL	https://www.nber.org/papers/w25952
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/583626
推荐引用方式 GB/T 7714	Corina Boar,Virgiliu Midrigan. Markups and Inequality. 2019.