Article by CBS Professor published in CentrePiece

The article titled "The price of power: why rising markups hurt innovation and widen inequality" was published in a recent edition of CenterPiece, the magazine for Centre for Economic Performance- LSE. It is a collaboration between CBS Professor Pontus Rendahl and University of Nottingham Professor Giammario Impullitti. Here they take a look at the effects of declining competition, with a focus on the United States economy during the past four decades.