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...

Description complète

Détails bibliographiques
Auteur principal: Gutierrez, German
Autres auteurs: Jones, Callum, Philippon, Thomas
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 2019.
Collection:IMF Working Papers; Working Paper ; No. 2019/233
Accès en ligne:Full text available on IMF