A vast literature seeks to measure and explain the apparent decline in the labor share in
national income that has occurred in recent times in the United States and elsewhere. The …

I discuss the recent literature that has led to new interest in the idea of monopsonistic wage
setting. Building on advances in search theory and in models of differentiated products …

American markets, once a model for the world, are giving up on competition. Thomas
Philippon blames the unchecked efforts of corporate lobbyists. Instead of earning profits by …

To date, little is known about the evolution of market power for the economies around the
world. We extract data from the financial statements of over 70,000 firms in 134 countries …

Using data on the near-universe of US online job vacancies collected by Burning Glass
Technologies in 2016, we calculate labor market concentration using the Herfindahl …

Rising profitability and market valuations of US businesses, sluggish wage growth and a
declining labor share of income, and reduced unemployment and inflation, have defined the …

We test whether wage growth slows following employer consolidation by examining hospital
mergers. We find evidence of reduced wage growth in cases where both (i) the increase in …

We show that websites' vendor use falls after the European Union's (EU's) General Data
Protection Regulation (GDPR), but that market concentration also increases among …

We propose a general equilibrium economy with oligopolistic output markets in which two
channels can cause a change in market power:(i) technology, via changes to productivity …

The Chicago School has had an important place in antitrust analysis since the 1960s. While
its influence has waned considerably among scholars, it continues to find support among …