NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Rise of Market Power and the Macroeconomic Implications

Jan De Loecker, Jan Eeckhout

NBER Working Paper No. 23687
Issued in August 2017

---- Acknowledgements ----

We would like to thank Mark Aguiar, Pol Antras, John Asker, Eric Bartelsman, Steve Berry, Emmanuel Farhi, Bob Hall, John Haltiwanger, Xavier Gabaix, Eric Hurst, Loukas Karabarbounis, Patrick Kehoe, Pete Klenow, Esteban Rossi-Hansberg, Chad Syverson, Jo Van Biesebroeck and Frank Verboven for insightful discussions and comments. Shubhdeep Deb, Morgane Guignard and David Puig provided invaluable research assistance. De Loecker gratefully acknowledges support from the FWO Odysseus Grant and Eeckhout from the ERC, Advanced grant 339186, and from ECO2015-67655-P. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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