BEGIN:VCALENDAR VERSION:2.0 PRODID:-//Talks.cam//talks.cam.ac.uk// X-WR-CALNAME:Talks.cam BEGIN:VEVENT SUMMARY:MARK-UPS &\; CONCENTRATION IN THE DIGITAL ERA - Chiara Criscuol o\, OECD DTSTART:20190206T130000Z DTEND:20190206T140000Z UID:TALK118495@talks.cam.ac.uk CONTACT:Emily Brown DESCRIPTION:This talk is based on two of Chiara Criscuolo's papers. The fi rst paper entitled Mark-ups in the digital era examines the evolution of f irm mark-ups across 26 countries for the period 2001-14. It also discusses and investigates empirically how this can be related to the degree of dig ital transformation in sectors. Four main facts emerge:\n\n1.Mark-ups are increasing over the period\, on average across country.\n\n2.This result i s driven by firms at the top of the mark-up distribution\, while the botto m half of the distribution exhibits a flat trend over time.\n\n3.Mark-ups are higher in digital-intensive sectors than in less-digitally intensive s ectors.\n\n4.Mark-up differentials between digitally-intensive and less-di gitally-intensive sectors have increased significantly over time.\n\nThe s econd paper is titled Industry Concentration in Europe and North America. This report presents new evidence on industry concentration trends in Euro pe and in North America. It uses two novel data sources: representative fi rm-level concentration measures from the OECD MultiProd project\, and busi ness-group-level concentration measures using matched Orbis-Worldscope-Zep hyr data.\n\nBased on the MultiProd data\, it finds that between 2001 and 2012 the average industry across 10 European economies saw a two to three percentage-point increase in the share of the 10 per cent largest companie s in industry sales. Using the Orbis-Worldscope-Zephyr data\, it documents a clear increase in industry concentration in Europe as well as in North America between 2000 and 2014 of the order of four to eight percentage poi nts for the average industry. Over the period\, about three out of four (t wo-digit) industries in each region saw their concentration increase. The increase is observed for both manufacturing and non-financial services and is not driven by digital-intensive sectors. \n LOCATION:LT2\, Cambridge Judge Business School END:VEVENT END:VCALENDAR