Compounded Markups in Complex Market Structures
Using a publicly available input-output database that covers 44 countries and 56 industries, I show that most prices are, on average, two to three times higher than the natural costs of production, costs that include a normal rate of return to capital. The novelty in this research is the argument th...
| Published in: | Athens Journal of Business & Economics |
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| Main Author: | |
| Format: | Article |
| Language: | English |
| Published: |
Athens Institute for Education and Research
2023-04-01
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| Subjects: | |
| Online Access: | https://www.athensjournals.gr/business/2023-9-2-1-Colonescu.pdf |