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Sponsored Artificial Intelligence: A Modern Approach, Global Edition Artificial Intelligence: A Modern Approach, Global Edition

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Jan Eeckhout

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Review Open access Aug 2026

The Macroeconomics of Market Power

This review surveys the literature on the macroeconomics of market power. Since 1980 various aggregate measures of market power, such as markups, profit rates, and market capitalization, have increased in the United States and around the globe. We find that the rise of markups is due in large part to the reallocation o...

Jan de Loecker, Jan Eeckhout · 2 citations

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