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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.

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