Notes

Preface

  1. 1. Gustavo Grullon, Yelena Larkin, and Roni Michaely, “Are US Industries Becoming More Concentrated?,” April 2017, Review of Finance 23, no. 4 (2019): 697–743, doi: 10.1093/rof/rfz007.

  2. 2. Bruce A. Blonigen and Justin R. Pierce, “Evidence for the Effects of Mergers on Market Power and Efficiency,” National Bureau of Economic Research Working Paper No. 22750, October 2016, http://www.nber.org/papers/w22750.pdf.

  3. 3. The latest analysis of U.S.-based data is from Jan De Loecker, Jan Eeckhout, and Gabriel Unger, “The Rise of Market Power and the Macroeconomic Implications,” working paper, November 2019, http://www.janeeckhout.com/wp-content/uploads/RMP.pdf. For global data, see De Loecker and Eeckhout, “Global Market Power,” National ...

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