A study of Oligopolies (consider taxpayer/government run school cost/effectiveness, among others)

Sharat Ganapati:

Industry-level estimates show that concentration increases are positively correlated to productivity and real output growth, uncorrelated with price changes and overall payroll, and negatively correlated with labor’s revenue share. I rationalize these results in a simple model of competition. Productive industries (with growing oligopolists) expand real output and hold down prices, raising consumer welfare, while maintaining or reducing their workforces, lowering labor’s share of output.


Fast Lane Literacy by sedso