Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/173383
Authors: 
Weche Gelübcke, John P.
Wambach, Achim
Year of Publication: 
2018
Series/Report no.: 
ZEW Discussion Papers 18-003
Abstract: 
This paper presents an analysis of the recent developments of average market power in Europe by using a broad firm-level database for EU member states. To indicate competitive pressure at the firm-level, markups are estimated following De Loecker (2011), and De Loecker and Warzynski (2012). The analysis reveals a sharp drop in markups during the crisis, followed by a post-crisis increase. The European average has not yet reached its pre-crisis level, which is in contrast to results for the US, where average markups have climbed to pre-crisis levels already in 2011. There is significant heterogeneity among European economies and the pre-crisis levels do have been exceeded in some countries.
Subjects: 
Market Power
Markups
Europe
Crisis
JEL: 
E2
D2
D4
L1
Document Type: 
Working Paper

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