Is Aggregate Market Power Increasing? Production Trends Using Financial Statements

By James Traina. 2018

197 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/80597e4e80edebd66d3eef57e28d324623ad9ee0

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Citations in the corpus

The Rise of Market Power and the Macroeconomic Implications* (2020, unknown): “We compare aggregate profits with the markup measure τ proposed in Traina (2018).”
From Good to Bad Concentration? US Industries over the Past 30 Years (2019, background): “This is the subject of an ongoing debate (Traina, 2018; Karabarbounis and Neiman, 2018).”
Market Power and Innovation in the Intangible Economy (2019, methodology): “8Their methodology to estimate markups in these papers is critized by Traina (2018).”
A Theory of Falling Growth and Rising Rents (2019, unknown): “2 Autor, Dorn, Katz, Patterson and Van Reenen (2019) find declining labor share in a number of Census sectors, but most sharply in manufacturing. Table 1 reproduces their statistics on the cumulative change in labor share for six Census sectors in recent decades. Finance is the contrarian, with risi”
Diverging Trends in National and Local Concentration (2018, unknown): “The NETS data do not allow us to calculate these local statistics, but there exists evidence of flat markups over time in specific industries with declining concentration (Anderson, Rebelo, and Wong 2018) and in the aggregate (Traina 2018).”
Some Unpleasant Markup Arithmetic: Production Function Elasticities and their Estimation from Production Data (2020, methodology): “2 of their online appendix, De Loecker and Warzynski (2012) discuss an extension of the ACF proxy for ωit to a setting where they assume both that there is persistent variation across firms in the price of the flexible input pit , and that these firmspecific input prices are observed. In this case, ”