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The Aggregate Implications of Market Power

Project description

Measuring the reality of market power

A corporate giant’s ability to control the market price of goods or services refers to its market power. In theory, it’s how this company maintains prices above marginal costs by either increasing or constraining supply or demand. In practice, it can limit output, stifle innovation and create inefficiencies in the allocation of production. Market power can have both microeconomic and macroeconomic implications. The EU-funded M-POWER project will investigate the extent and effect of market power across sectors, regions and countries. To quantify the effects, the project will use new techniques to document mark-ups across firms in the entire economy and analyse the implications for both producers and consumers.

Host institution

KATHOLIEKE UNIVERSITEIT LEUVEN
Net EU contribution
€ 1 575 000,00
Address
Oude Markt 13
3000 Leuven
Belgium

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Region
Vlaams Gewest Prov. Vlaams-Brabant Arr. Leuven
Activity type
Higher or Secondary Education Establishments
Non-EU contribution
€ 0,00

Beneficiaries (1)

KATHOLIEKE UNIVERSITEIT LEUVEN
Belgium
Net EU contribution
€ 1 575 000,00
Address
Oude Markt 13
3000 Leuven

See on map

Region
Vlaams Gewest Prov. Vlaams-Brabant Arr. Leuven
Activity type
Higher or Secondary Education Establishments
Non-EU contribution
€ 0,00