Inequality: A Hidden Cost of Market Power
This paper explores the impact of competition on inequality by developing a new model to illustrate how higher profits from market power, and associated higher prices, could influence the distribution of wealth and income. It analyses data from eight OECD countries - Canada, France, Germany, Korea,...
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| Format: | eBook |
| Language: | English |
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Paris
OECD Publishing
2017
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| Collection: | OECD Books and Papers - Collection details see MPG.ReNa |
| Summary: | This paper explores the impact of competition on inequality by developing a new model to illustrate how higher profits from market power, and associated higher prices, could influence the distribution of wealth and income. It analyses data from eight OECD countries - Canada, France, Germany, Korea, Japan, Spain, the United Kingdom and the United States. The results contribute to the economic literature on the origins of inequality, suggesting that competition may help to reduce economic inequality |
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| Physical Description: | 58 p |
| ISBN: | 9789264894594 |