Bruegel Event Recordings

Markups measure how much higher prices of output goods are relative to their marginal production costs. In other words, they measure the margin of revenue over variable costs. Recent literature, starting with De Loecker and Eeckhout (2018), reports that markups have substantially increased since 1980. At this event we will review the available empirical evidence on markups and investigate the implications for market concentration, market power, productivity, and economic growth. Speakers: Jan De Loecker, Professor, KU Leuven and Research Professor, Research Council (FWO) Chair: Georgios Petropoulos, Research Fellow, Bruegel Chiara Criscuolo, Head of Division, Productivity and Business Dynamics, OECD Fabien Curto Millet, Director of economics, Google Jeffrey Franks, Director, IMF Europe Office Reinhilde Veugelers, Senior Fellow, Bruegel