The Rise of Market Power and the Macroeconomic Implications
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We document the evolution of markups based on firm-level data for the US economy since 1950. Initially, markups are stable, even slightly decreasing. In 1980, average markups start to rise from 18% above marginal cost to 67% now. There is no strong pattern across industries, though markups tend to
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美国国家经济研究局创建时间：
2017-08-01
