Past Event

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

Date: January 15, 2019, 12:00 pm Topic: Innovation & Competition Policy

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

EvEnt materials

Presentation by Jan de Loecker Presentation by Chiara Criscuolo

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.

Schedule

Jan 15, 2019

12:00-12:30

Check-in and lunch

12:30-12:50

Presentation

Jan De Loecker, Professor, KU Leuven and Research Professor, Research Council (FWO)

12:50-13:40

Panel discussion

Chair: Georgios Petropoulos, Research Fellow

Chiara Criscuolo, Head of Division, Productivity and Business Dynamics, OECD

Fabien Curto Millet, Director of economics, Google

Jeffrey Franks, Director, IMF Europe Office

Reinhilde Veugelers, Senior Fellow

13:40-14:00

Q&A

14:00

End

Speakers

Chiara Criscuolo

Head of Division, Productivity and Business Dynamics, OECD

Fabien Curto Millet

Director of economics, Google

Jeffrey Franks

Director, IMF Europe Office

Jan De Loecker

Professor, KU Leuven and Research Professor, Research Council (FWO)

Reinhilde Veugelers

Senior Fellow

Georgios Petropoulos

Research Fellow

Location & Contact

Bruegel, Rue de la Charité 33, 1210 Brussels

Matilda Sevon

matilda.sevon@bruegel.org

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