Construct · 1 fields · 1 citations

market power: a standalone construct

One name. One construct. A landmark on the map.

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Industrial organization

firms' ability to price above marginal cost, measured by markups that have risen across the economy since 1980.

In industrial organization, market power refers to firms' ability to price above marginal cost, measured by markups that have risen across the economy since 1980. This meaning comes from De Loecker (2020) in The Quarterly Journal of Economics.[1]

Unit
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Nearby constructs

cost4 fields · 4 citationsjingle · one word, four constructs deposit franchise1 fields · 1 citationsanchor · a standalone construct deposits channel of monetary policy1 fields · 1 citationsanchor · a standalone construct

References

De Loecker, J., Eeckhout, J., & Unger, G. (2020). The Rise of Market Power and the Macroeconomic Implications. The Quarterly Journal of Economics, 135(2), 561-644. https://doi.org/10.1093/qje/qjz041

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