How Costly Are Markups?

Chris Edmond, Virgiliu Midrigan, Daniel Yi Xu

NBER Working Paper No. 24800
Issued in July 2018

---- Acknowledgments ----

We particularly thank our discussants Salomé Baslandze and Gino Gancia for their insightful feedback. We also thank seminar participants at Duke University, the FRB New York, FRB St Louis, Keio University, the LSE, Notre Dame, NYU, the University of Adelaide, and the University of Chicago for their comments. Edmond thanks the Australian Research Council for financial support under grant DP-150101857. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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