Quantifying Market Power and Business Dynamism in the Macroeconomy
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We propose a general equilibrium economy with oligopolistic output markets in which two channels can cause a change in market power: (i) technology, via changes to productivity shocks and the cost of entry, (ii) market structure, via changes to the number of potential competitors. First, we
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美国国家经济研究局创建时间：
2021-05-01
