Publication: Dominant firms in the digital age
Dominant firms in the digital age
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Eeckhout, J. (2022). Dominant firms in the digital age (No. 12; UBS Center Public Paper Series). https://www.ubscenter.uzh.ch/de/publikationen/public_papers/dominant-firms-in-the-digital-age.html
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Since 1980, the world economy has experienced an increase of dominant firms. Dominant firms face limited competition in their market and exert monopoly power. Why has this happened, and why did it start in 1980? The rise of dominant firms has a direct impact on customers who pay higher prices, but it also has far-reaching implications for the macroeconomy. Widespread market power leads to wage stagnation and a decline in the labor share, it increases wage inequality, it slows down business dynamism, it reduces the number of startup fi
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Eeckhout, J. (2022). Dominant firms in the digital age (No. 12; UBS Center Public Paper Series). https://www.ubscenter.uzh.ch/de/publikationen/public_papers/dominant-firms-in-the-digital-age.html
