July 13, 2023

Benoît Durand & Apolline Jaoui: “A Rising Trend in Market Concentration: Myth or Reality?”

Over the last couple of years, a “new conventional wisdom” (Shapiro, 2018) has emerged: there is evidence of a widespread increase in market concentration in both the U.S. and the EU economies over the last few decades. Because higher level of market concentration may reflect greater firm market power, this has fuelled concern that competition...
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