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...

Deskribapen osoa

Xehetasun bibliografikoak
Egile nagusia: Gutierrez, German
Beste egile batzuk: Jones, Callum, Philippon, Thomas
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2019.
Saila:IMF Working Papers; Working Paper ; No. 2019/233
Sarrera elektronikoa:Full text available on IMF