Business Cycle Implications of Firm Market Power in Labor and Product Markets

2021 ◽  
Author(s):  
Sami Alpanda ◽  
Sarah Zubairy
Keyword(s):  
Business Cycle ◽  
Market Power ◽  
Product Markets

scholarly journals Implications of market and political power interactions for growth and the business cycle

2021 ◽  
Author(s):  
Tryphon Kollintzas ◽  
Dimitris Papageorgiou ◽  
Vanghelis Vassilatos
Keyword(s):  
Public Sector ◽  
Political Parties ◽  
Business Cycle ◽  
Economic System ◽  
Market Power ◽  
Political Power ◽  
Economic Systems ◽  
Per Capita Gdp ◽  
Per Capita ◽  
The Business Cycle

In this paper, we develop a two sector DSGE model with market and political power interactions. These interactions are motivated by the politico-economic systems of several South European countries, over the last half century. In these countries the state permits the existence of industries, typically related to the extended public sector, where firms and workers employed therein have market power (insiders), unlike other firms and workers in the economy (outsiders), as insiders, that dominate the major political parties, cooperate to influence government decisions, including those that pertain to the very existence of such a politico-economic system. Consistently with stylized facts of growth and the business cycle of these countries, the model predicts: (i) large negative deviations of per capita GDP from what these countries would have been capable of, if their politico-economic system was not characterized by the above mentioned frictions; and (ii) deeper and longer recessions in response to negative shocks, as their politico-economic system reacts so as to amplify these shocks.

scholarly journals MARKET POWER AND PRICE MOVEMENTS OVER THE BUSINESS CYCLE*

2005 ◽  
Vol 53 (2) ◽  
pp. 145-174 ◽  
Author(s):  
Bart J. Wilson ◽  
Stanley S. Reynolds
Keyword(s):  
Business Cycle ◽  
Market Power ◽  
Price Movements ◽  
The Business Cycle

scholarly journals Technological giants on digital markets as a result of a regulator failure

2020 ◽  
Vol 14 (80) ◽  
pp. 5-24
Author(s):  
Al. Kovalenko ◽  
Keyword(s):  
Market Power ◽  
Product Markets ◽  
Dominant Position ◽  
Digital Platforms ◽  
Digital Platform ◽  
Us Congress ◽  
The Us ◽  
Methodological Problems ◽  
Derivative Markets ◽  
Antitrust Regulation

The article discusses the main problems of antitrust regulation of multilateral digital platforms. The problems of defining the boundaries of product markets on which multilateral platforms operate, including the problems of analyzing competition in derivative markets, other stages of determining the dominant position of a digital platform and its market power are disclosed. In the context of the latest news related to the proposals of the Subcommittee of the US Congress on toughening antitrust regulation of digital giants (Amazon, Facebook, Google, Apple), the possibilities of using such proposals in the Russian practice of antitrust regulation are considered. The author identifies the methodological problems that arise in the context of strengthening the market power of digital platforms, and also reveals the author’s approach to solving these problems.

Competition in U.S. Farm Product Markets: Do Long‐Run Incentives Trump Short‐Run Market Power?

2012 ◽  
Vol 34 (4) ◽  
pp. 669-695 ◽  
Author(s):  
John M. Crespi ◽  
Tina L. Saitone ◽  
Richard J. Sexton
Keyword(s):  
Market Power ◽  
Product Markets ◽  
Long Run ◽  
Farm Product ◽  
Short Run
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