Entry Costs and the Macroeconomy /

We combine a structural model with cross-sectional micro data to identify the causes and consequences of rising concentration in the US economy. Using asset prices and industry data, we estimate realized and anticipated shocks that drive entry and concentration. We validate our approach by showing t...

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Detalles Bibliográficos
Autor principal: Gutierrez, German
Otros Autores: Jones, Callum, Philippon, Thomas
Formato: Revista
Lenguaje:English
Publicado: Washington, D.C. : International Monetary Fund, 2019.
Colección:IMF Working Papers; Working Paper ; No. 2019/233
Acceso en línea:Full text available on IMF