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来源类型Working Paper
规范类型报告
DOI10.3386/w25983
来源IDWorking Paper 25983
From Good to Bad Concentration? U.S. Industries over the past 30 years
Matias Covarrubias; Germán Gutiérrez; Thomas Philippon
发表日期2019-06-24
出版年2019
语种英语
摘要We study the evolution of profits, investment and market shares in US industries over the past 40 years. During the 1990’s, and at low levels of initial concentration, we find evidence of efficient concentration driven by tougher price competition, intangible investment, and increasing productivity of leaders. After 2000, however, the evidence suggests inefficient concentration, decreasing competition and increasing barriers to entry, as leaders become more entrenched and concentration is associated with lower investment, higher prices and lower productivity growth.
主题Microeconomics ; Households and Firms ; Market Structure and Distribution ; Other ; Law and Economics ; Industrial Organization
URLhttps://www.nber.org/papers/w25983
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/583657
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Matias Covarrubias,Germán Gutiérrez,Thomas Philippon. From Good to Bad Concentration? U.S. Industries over the past 30 years. 2019.
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