000			01171nam a22001457a 4500
999			_c525272 _d525272
008			240220b ||||| |||| 00| 0 eng d
100			_aRubens, Michael _950002
245			_aMarket structure, oligopsony power, and productivity
260			_aThe American Economic Review
300			_a113(9), Sep, 2023: p.2382-2410
520			_aI 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 nonsubstitutable, 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 percent on average. This increase in oligopsony power led to a decline in allocative efficiency and redistributed income away from rural households.- Reproduced https://www.aeaweb.org/articles?id=10.1257/aer.20210383
773			_aThe American Economic Review
906			_aINDUSTRIAL DEVELOPMENT
942			_cAR