| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w26057 |
| 来源ID | Working Paper 26057 |
| Are Price-Cost Markups Rising in the United States? A Discussion of the Evidence | |
| Susanto Basu | |
| 发表日期 | 2019-07-15 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | A number of recent papers have argued that US firms exert increasing market power, as measured by their markups of price over marginal cost. I review three of the main approaches to estimating economy-wide markups and show that all are based on the hypothesis of firm cost-minimization. Yet different assumptions and methods of implementation lead to quite different conclusions regarding the levels and trends of markups. I survey the literature critically, and argue that some of the startling findings of steeply-rising markups are difficult to reconcile with other evidence and with aggregate data. Existing methods cannot determine whether markups have been stable or whether they have risen modestly over the past several decades. Even relatively small increases in markups are consistent with significant changes in aggregate outcomes, such as the observed decline in labor’s share of national income. |
| 主题 | Macroeconomics ; Consumption and Investment ; Business Cycles ; Industrial Organization ; Market Structure and Firm Performance |
| URL | https://www.nber.org/papers/w26057 |
| 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/583731 |
| 推荐引用方式 GB/T 7714 | Susanto Basu. Are Price-Cost Markups Rising in the United States? A Discussion of the Evidence. 2019. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w26057.pdf（217KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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