RSS Parrot

City size, employer concentration, and wage income inequality

https://d.repec.org/n?u=RePEc:hhs:ifauwp:2025_004&r=&r=com

Published: April 23, 2025 00:00

This study investigates the relationship between the urban wage premium and employer concentration using Swedish full population employer-employee data. Departing from an AKM modeling framework to distinguish worker from firm specific heterogeneity – a…

Welfare Effects of a Concealed Information Exchange

https://d.repec.org/n?u=RePEc:bie:wpaper:703&r=&r=com

Published: April 16, 2025 00:00

This paper analyzes the welfare effects of private and unilateral disclosure of sensi- tive information in a sequential bargaining context. We consider a model where two sellers each propose a take-it-or-leave-it price for a homogeneous good to a single…

Imperfect Competition and Rents in Labor and Product Markets: The Case of the Construction Industry

https://d.repec.org/n?u=RePEc:tor:tecipa:tecipa-799&r=&r=com

Published: April 15, 2025 00:00

Existing work on imperfect competition typically focuses on either the labor market or the product market in isolation. In contrast, we analyze imperfect competition in both markets jointly, showing theoretically and empirically that focusing on one market…

Algorithmic collusion and the minimum price Markov game

https://d.repec.org/n?u=RePEc:cir:cirwor:2025s-07&r=&r=com

Published: April 8, 2025 00:00

This paper introduces the Minimum Price Markov Game (MPMG), a theoretical model that reasonably approximates real-world first-price markets following the minimum price rule, such as public auctions. The goal is to provide researchers and practitioners with…

Concentration in Mortgage Markets: GSE Exposure and Risk-Taking in Uncertain Times

https://d.repec.org/n?u=RePEc:fip:fedpwp:99739&r=&r=com

Published: March 28, 2025 00:00

When home prices threaten to decline, large investors may attempt to prop up prices by fostering new lending. We show this motive increased acquisitions of risky mortgages by the government-sponsored enterprises in the first half of 2007. When home prices…

Declining Job Reallocation in Europe: The Role of Shocks, Market Power, and Technology

https://d.repec.org/n?u=RePEc:jrp:jrpwrp:2025-0004&r=&r=com

Published: March 20, 2025 00:00

We study changes in job reallocation in Europe after 2000 using novel micro-aggregated data that we collected for 19 European countries. In all countries, we document broad-based declines in job reallocation rates that concern most economic sectors and…

Too much of a good thing? The macro implications of massive firm entry

https://d.repec.org/n?u=RePEc:ctl:louvir:2025005&r=&r=com

Published: March 11, 2025 00:00

Policies supporting small businesses are popular among policymakers but often criticised by economists for their potential to distort the economy. This paper provides a comprehensive evaluation of a unique policy that subsidises the first employee.…

Using Multiple Tools to Enhance Competition in Public Procurement

https://d.repec.org/n?u=RePEc:rtv:ceisrp:594&r=&r=com

Published: February 25, 2025 00:00

Well-functioning competitive procurement is essential to reach efficiency of public services and public spending. Drawing from the experience of the Autorit`a Garante della Concorrenza e del Mercato, this paper argues that fostering competition in public…

Market power, growth and wealth inequality

https://d.repec.org/n?u=RePEc:cep:cepdps:dp2074&r=&r=com

Published: February 12, 2025 00:00

In recent decades, the United States has experienced a notable rise in markups, a slowdown in productivity growth, and an increase in wealth inequality. We present a framework that unifies these trends into a common driving force. In particular, increased…