Are Price-Cost Markups Rising in the United States? A Discussion of the Evidence
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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
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美国国家经济研究局创建时间：
2019-07-01
