Do Increasing Markups Matter? Lessons from Empirical Industrial Organization
---- Acknowledgments ----
We wish to thank Al Klevorick and editors at the Journal of Economics Perspectives—Enrico Moretti, Gordon Hanson, and managing editor Tim Taylor—for helpful comments and suggestions that substantially improved the paper. The usual caveat applies. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.
---- Disclosure of Financial Relationships for Martin Gaynor ----
1) I received no financial support for the research presented in this paper.
2) I have no close relatives or partners for whom there is anything to disclose.
---- Disclosure of Financial Relationships for Fiona Scott Morton ----
Fiona Scott Morton engages in consulting on issues related to antitrust and innovation. The research reported in this paper is independent academic work and has not been funded by any entity apart from Yale University.