Intangibles and industry concentration

The Rise of Star Firms: Intangible Capital and Competition

Product market concentration has been decreasing since 1994, with highly concentrated industries dropping from 44.4% in 1994 to 36.6% in 2019. Graph/Chart ...

Investment in intangible assets in the euro area

They encompass a broad range of highly heterogeneous assets, including human capital, innovative products, brands, patents, software, consumer relationships, ...

Are Intangibles More Productive in ICT-Intensive Industries ...

Using sectoral intangible investment data we confirm that intangible capital is a significant determinant of labour productivity growth. The sectoral setting ...

Intangibles, investment, and efficiency

Two salient macro trends, since mid-1990's. - Increasing business concentration. Gutiérrez and Philippon (2018) (”market power”); Autor et al. (2017).

Explaining the Rising Concentration of U.S. Industries: Superstars ...

11 Citations · IT, Intangible Capital, and Superstar Firms · IT, AI and the Growth of Intangible Capital · Declining Industrial Disruption · Digital ...

Are Markets Becoming Less Competitive? - Richmond Fed

Such exclusivity promotes investment in intangibles, but it also may contribute to industry concentration by allowing firms to benefit from economies of scale ...

Intangibles, Market Failure and Innovation Performance - SpringerLink

This book addresses the issue of intangibles' contribution to growth at macroeconomic and microeconomic levels.

World Intangible Investment Highlights - Better Data for Better Policy

In today's economy, the most valuable firms, spanning high-tech, pharmaceutical, automotive and financial services industries, derive their ...

Intangibles, Concentration, and the Labor Share∗ - VEAMS

Over the past three decades, the U.S. business sector has been characterized by increased industrial concentration in terms of the employment ...

Intangible capital and productivity growth: a UK-US industry ...

It documents productivity growth, spillovers, intangible and other capital accumulation between the US in the UK, using timely data with a strong focus on the ...

Industry Concentration and Information Technology

Instrumental variable estimates find a strong link between proprietary IT and rising industry concentration, accounting for most of its growth. Moreover, the ...

Intangibles, Market Failure and Innovation Performance | Request PDF

Abstract. 'This book addresses the issue of intangibles' contribution to growth at macroeconomic and microeconomic levels. It provides a review of a set of new ...

Measuring Intangible Capital with Market Prices - PubsOnLine

We estimate these parameters using market prices from firm exits and use them to capitalize intangibles for a comprehensive panel of firms from 1978 to 2017.

Replication data for: Intangibles, Investment, and Efficiency

We show that, in that sector, weak investment and rising concentration are associated with rising productivity. Additionally, stronger productivity is ...

Market Concentration in Europe: Evidence from Antitrust Markets

An increasing body of empirical evidence is documenting trends toward rising concentration, profits, and markups in many industries around the world since ...

The Impact of Intangible Assets on the Market Value of Companies

This paper examines the role intangible assets play in a firm's market valuation besides other firm-specific characteristics.

4 Intangibles in the Firm and in Financial Markets

However, investment in intangibles and steps to innovate are most often taken at the firm level, so the microeconomics of the topic are essential. A series of ...

Market Power and Innovation in the Intangible Economy - YouTube

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Restarting the Future: How to Fix the Intangible Economy

Controlling for a large number of other factors, industries that are more intangiblesintensive have a growing productivity dispersion, which ...

Marketing, Other Intangibles, and Output Growth in 61 United States ...

6.3 Concentration of Intangibles Among Industries. This ... Table 8 reports industry concentration for each intangible in 1987, 2002, and.