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D24
D24
5 papers tracked
1 forthcoming
Showing 5 papers
Forthcoming
Journal of Monetary Economics
Customer accumulation, returns to scale, and secular trendsAndrea Chiavari
This paper asks how rising returns to scale in production contributed to three concurrent U.S. secular trends since 1980: declining business dynamism, rising markups, and growing firm expenditures on …
Published
American Economic Review
1 Jan 2026
Optimal Taxation and Market PowerJan Eeckhout · Chunyang Fu · Wenjian Li · Xi Weng
Overview This paper asks whether and how optimal income taxation should change when firms have market power. The question is motivated by the documented rise in economy-wide markups since 1980, which …
Published
Journal of Monetary Economics
Turbulent business cyclesDing Dong · Zheng Liu · Pengfei Wang
Firm-level evidence shows that recessions are characterized not just by aggregate downturns but by a sharp rise in turbulence—a reshuffling of firms’ productivity rankings in which …