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Are Markets Becoming Less Competitive?

Author

Listed:
  • Timothy Sablik
  • Nicholas Trachter

Abstract

National markets in many U.S. industries seem to be increasingly dominated by large companies. Some policymakers have argued that this growing market concentration is a sign of weakening competition, but concentration by itself does not necessarily translate into market power. It may be too soon to reach a decisive conclusion about whether market power, not simply market concentration, is on the rise.

Suggested Citation

  • Timothy Sablik & Nicholas Trachter, 2019. "Are Markets Becoming Less Competitive?," Richmond Fed Economic Brief, Federal Reserve Bank of Richmond, issue June.
    • Handle: RePEc:fip:fedreb:00077
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    File URL: https://www.richmondfed.org/publications/research/economic_brief/2019/eb_19-06
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    Cited by:

    1. Christian Reiner & Christian Bellak, 2023. "Hat die ökonomische Macht von Unternehmen in Österreich zugenommen? Teil 1," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 49(1), pages 21-59.

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    Keywords

    markets; economy;

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