Essays about: "labor share markup monopoly market power production function returns to scale"

Found 1 essay containing the words labor share markup monopoly market power production function returns to scale.

  1. 1. Rising markups and the fall of the labor share: Predicting the effects of industry market power in the U.S.

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Erik Grenestam; Julius Probst; [2014]
    Keywords : labor share markup monopoly market power production function returns to scale; Business and Economics;

    Abstract : This paper examines the downward trend in the U.S. labor share of income, which is shown to have declined significantly over the last two decades. This phenomenon is in direct contradiction with standard neoclassical growth theory, which postulates constant factor shares of income. READ MORE