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Concentration, market power, and dynamism in the euro area

Chiara Cavalleri Maria , Eliet Alice , McAdam Peter , Petroulakis Filippos , Soares Ana , Vansteenkiste Isabel , (2019),  “Concentration, market power, and dynamism in the euro area“, August

Recent evidence suggests that competitive intensity has been declining in the US. This column aims to contribute to our understanding of these trends in the euro area. It finds that, in contrast to the situation in the US, market power metrics have been relatively stable over recent years and mark-ups have marginally been trending down since the late 1990s. It suggests that more research on the sectoral level and with better data is necessary to analyse the complex welfare and policy implications of these developments.

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