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Project Citation: 

Rubens, Michael. Data and Code for “Market Structure, Oligopsony Power, and Productivity.” Nashville, TN: American Economic Association [publisher], 2023. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2023-08-16.

Project Description

Summary:  View help for Summary I examine the effects of oligopsony power on allocative efficiency and income redistribution by studying a size regulation in the Chinese tobacco industry that led to ownership consolidation. I show that separate identification of input price markdowns, goods price markups, and productivity is challenging when a subset of inputs is non-substitutable, which often holds for materials, and construct and estimate a model to overcome this challenge. I find that the regulation increased input price markdowns by 37% on average. This increase in oligopsony power led to a decline in allocative efficiency and redistributed income away from rural households.
Funding Sources:  View help for Funding Sources Research Foundation Flanders (11A4618N); European Research Council (816638 MPOWER); Belgian American Educational Foundation; Fulbright Belgium

Scope of Project

Subject Terms:  View help for Subject Terms Oligopsony; Productivity; Misallocation
JEL Classification:  View help for JEL Classification
      J42 Monopsony; Segmented Labor Markets
      L13 Oligopoly and Other Imperfect Markets
      O25 Industrial Policy
Geographic Coverage:  View help for Geographic Coverage China
Time Period(s):  View help for Time Period(s) 1999 – 2006
Universe:  View help for Universe Tobacco Manufacturing firms in China
Data Type(s):  View help for Data Type(s) administrative records data

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