Empirical trends in markups and market power: implications for productivity and growth
Empirical trends in markups and market power: their implications for productivity and growth
VIDEO AND AUDIO RECORDING
Due to a technical problem the slideshow in the video is not working correctly. You can see the slides in the event materials
Markups measure how much higher prices of output goods are relative to their marginal production costs. In other words, they measure the margin of revenue over variable costs. Recent literature, starting with De Loecker and Eeckhout (2018), reports that markups have substantially increased since 1980.
At this event we reviewed the available empirical evidence on markups and investigate the implications for market concentration, market power, productivity, and economic growth.
Check-in and lunch
Jan De Loecker, Professor, KU Leuven and Research Professor, Research Council (FWO)
Head of Division, Productivity and Business Dynamics, OECD
Fabien Curto Millet
Director of economics, Google
Director, IMF Europe Office
Jan De Loecker
Professor, KU Leuven and Research Professor, Research Council (FWO)
Location & Contact