| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w29646 |
| 来源ID | Working Paper 29646 |
| Large Firms, Consumer Heterogeneity and the Rising Share of Profits | |
| Robert C. Feenstra; Luca Macedoni; Mingzhi Xu | |
| 发表日期 | 2022-01-17 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | We examine the relationship between large firms and the rising profit share in a model that features oligopolistic competition and consumer heterogeneity. Conditional on the sales distribution, the presence of consumer heterogeneity increases the profit share because it increases firm-level markups. Using data on purchases at the household-barcode level from Nielsen, we quantify the role of consumer heterogeneity, finding that the aggregate markup and the profit share are 8 and 3 percentage points larger than those predicted by a model of a representative consumer. Furthermore, we find that the profit share has been increasing over time and that firm targeting of consumer types plays a role in explaining this rise. |
| 主题 | Microeconomics ; Households and Firms ; Industrial Organization ; Market Structure and Firm Performance ; Firm Behavior ; Development and Growth ; Country Studies |
| URL | https://www.nber.org/papers/w29646 |
| 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/587320 |
| 推荐引用方式 GB/T 7714 | Robert C. Feenstra,Luca Macedoni,Mingzhi Xu. Large Firms, Consumer Heterogeneity and the Rising Share of Profits. 2022. |
| 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 | ||
| w29646.pdf（1873KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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