Publication:
On the General Equilibrium Effects of Market Power

Simple item page
dc.affiliation.dptoUC3M. Departamento de Estadísticaes
dc.contributor.authorMoreno, Diego
dc.contributor.authorPetrakis, Emmanuel
dc.contributor.editorUniversidad Carlos III de Madrid. Departamento de Estadísticaes
dc.contributor.funderMinisterio de Economía y Competitividad (España)es
dc.date.accessioned2022-07-22T11:17:49Z
dc.date.available2022-07-22T11:17:49Z
dc.date.issued2022-07-22
dc.description.abstractIn an economy in which firms exercise market power in the markets for consumption goods and inputs (labor), we show that a merger to monopoly is Pareto improving when the number of firms is below a threshold. This threshold is larger the larger is the elasticity of labor supply and the smaller is the consumers'preference for goods variety. Consequently, market concentration may have non-monotonic general equilibrium effects on wage mark downs, employment and welfare.en
dc.description.sponsorshipMoreno acknowledges financial support of the MCI (Spain), grant PGC2018-098510-B-I00, and from the Comunidad de Madrid, grant H2019/HUM-5891. Petrakis acknowledges financial support from UC3M-Santander chairs of Excellence.en
dc.identifier.issn2340-5031es
dc.identifier.urihttps://hdl.handle.net/10016/35529
dc.identifier.uxxiDT/0000002016es
dc.language.isoengen
dc.relation.ispartofseriesWorking paper. Economicsen
dc.relation.ispartofseries22-08
dc.relation.projectIDGobierno de España. PGC2018-098510-B-I00es
dc.relation.projectIDComunidad de Madrid. H2019/HUM-5891es
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 España*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/*
dc.subject.ecienciaEconomíaes
dc.subject.jelD4
dc.subject.jelD5
dc.subject.jelD6
dc.subject.jelL1
dc.subject.jelL4
dc.subject.otherGeneral Equilibriumen
dc.subject.otherMarket Poweren
dc.subject.otherMarket Efficiencyen
dc.subject.otherMergersen
dc.titleOn the General Equilibrium Effects of Market Poweren
dc.typeworking paper*
dspace.entity.typePublication
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
we2208.pdf
Size:
822 KB
Format:
Adobe Portable Document Format
Download
Collections
DES - Working Papers. Statistics and Econometrics. WS