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- W3172973342 abstract "I study how ownership consolidation affects productivity and market power in both factor and product markets. I develop a model to separately identify markups, markdowns, and productivity using production and cost data. I use the model to examine the effects of consolidation in the Chinese cigarette manufacturing industry. I find that consolidation led to an increase in intermediate input price markdowns of 30%, but to only a slight drop in cigarette price markups. Although industry consolidation was defended as a means to spur productivity growth, I find that it actually lowered aggregate productivity." @default.
- W3172973342 created "2021-06-22" @default.
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- W3172973342 date "2021-01-01" @default.
- W3172973342 modified "2023-09-25" @default.
- W3172973342 title "Market Structure, Oligopsony Power, and Productivity" @default.
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- W3172973342 doi "https://doi.org/10.2139/ssrn.3800254" @default.
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