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- W2599164486 abstract "This article searches for a causal effect of industry concentration on estimates of persistent profitability differentials. I offer solutions to identification problems that plague related analyses by applying an IV and a natural experiment. This is the first study that explains estimates of persistent profit differentials using business segments data, allowing to match micro- and industry-level data more consistently. Testing linear relations, critical concentration levels, and interactions with mobility barriers, I find no evidence that concentration has any positive effect on long-run profitability differences. Results rather tend to point to a statistically and economically significant negative causal effect." @default.
- W2599164486 created "2017-04-07" @default.
- W2599164486 creator A5069039035 @default.
- W2599164486 date "2018-03-26" @default.
- W2599164486 modified "2023-09-27" @default.
- W2599164486 title "Is there a causal effect of concentration on persistent profitability differentials?" @default.
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- W2599164486 doi "https://doi.org/10.1093/icc/dty014" @default.
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