Market Power and Secular Macroeconomic Trends

Project description

Keeping market power under control

Some companies can successfully and very profitably raise the market price of their products or services without losing any customers to competitors. In economics, this is known as market power. The EU-funded MARKET POWER project will assess the causes and macroeconomic consequences of this phenomenon. It will investigate labour market dynamism, the decline of new startups and the stagnation of low-skilled wages in view of a recent increase in market power. The project will distinguish between the causes that inherently stem from market structure (antitrust enforcement and mergers) and those that result from technological change, such as intangible assets and network externalities. The findings will shed light on how to keep market power under control in order to remediate its macroeconomic consequences.

Fields of science

• social sciences › economics and business › economics › macroeconomics
• social sciences › economics and business › business and management › employment
• social sciences › economics and business › business and management › commerce

Programme(s)

• H2020-EU.1.1. - EXCELLENT SCIENCE - European Research Council (ERC)

Topic(s)

• ERC-2019-ADG - ERC Advanced Grant

Call for proposal

ERC-2019-ADG
See other projects for this call

Funding Scheme

ERC-ADG - Advanced Grant

Host institution

UNIVERSIDAD POMPEU FABRA

Address

Placa De La Merce, 10-12
08002 Barcelona
Spain

Activity type

Higher or Secondary Education Establishments

EU contribution

€ 1 439 000

Beneficiaries (2)

UNIVERSIDAD POMPEU FABRA

Spain

EU contribution

€ 1 439 000

Address

Placa De La Merce, 10-12
08002 Barcelona

Activity type

Higher or Secondary Education Establishments

FUNDACIO PRIVADA BARCELONA GRADUATE SCHOOL OF ECONOMICS

Spain

EU contribution

€ 125 000

Address

Calle Ramon Trias Fargas 25 27
08005 Barcelona

Activity type

Higher or Secondary Education Establishments