01867cas a2200265 a 4500 AALejournalIMF019177 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498311113 1018-5941 BD-DhAAL BD-DhAAL Diez, Federico. Global Declining Competition / Federico Diez, Jiayue Fan, Carolina Villegas-Sanchez. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (42 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Using a new firm-level dataset on private and listed firms from 20 countries, we document five stylized facts on market power in global markets. First, competition has declined around the world, measured as a moderate increase in average firm markups during 2000- 2015. Second, the markup increase is driven by already high-markup firms (top decile of the markup distribution) that charge increasing markups. Third, markups increased mostly among advanced economies but not in emerging markets. Fourth, there is a non-monotonic relation between firm size and markups that is first decreasing and then increasing. Finally, the increase is mostly driven by increases within incumbents and also by market share reallocation towards high-markup entrants. Mode of access: Internet Fan, Jiayue. Villegas-Sanchez, Carolina. IMF Working Papers; Working Paper ; No. 2019/082 Full text available on IMF http://elibrary.imf.org/view/journals/001/2019/082/001.2019.issue-082-en.xml IMF e-Library