From Amazon and Apple, to Walmart and Costco, the growth of global surperstar firms has raised questions about the economic and social consequences of these firms’ rising market power, including slower productivity and wage growth. Drawing on cross-country evidence, MIT Professor, John Van Reenen considers the potential explanations for rising concentration and considers what options are open to policy makers to ensure that a small number of firms cannot abuse their market power.
Firm Inequality & Market Power
From Amazon and Apple, to Walmart and Costco, the growth of global surperstar firms has raised questions about the economic and social consequences of these firms’ rising market power, including slower productivity and wage growth. Drawing on cross-country evidence, MIT Professor, John Van Reenen considers the potential explanations for rising concentration and considers what options are open to policy makers to ensure that a small number of firms cannot abuse their market power.
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