This paper contributes to the limited literature on the welfare impacts of market concentration by developing a simple model that shows how exogenous variations in market power affect poverty. Increased market power leads to economy-wide welfare losses, because it raises the prices of goods and services for all agents in an economy and thus reduces the relative incomes of households, particularly among the poor. Declines in poverty in this context...
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2015/12/01
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Documento de Trabalho (Série Numerada)
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125437
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1
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1
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2018/04/20
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Disclosed
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The poverty effects of market concentration
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market concentration
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