{"id":419767,"date":"2024-12-18T10:37:28","date_gmt":"2024-12-18T09:37:28","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/419767\/"},"modified":"2024-12-18T17:37:33","modified_gmt":"2024-12-18T16:37:33","slug":"winners-take-more-firm-level-evidence-on-the-state-of-competition-in-austria","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/419767\/","title":{"rendered":"Winners-take-More: Firm-level Evidence on the State of Competition in Austria"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-419767","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The Research Brief summarises new evidence from micro data on the state of competition in Austria. The results show that industry concentration has remained relatively stable, while corporate dynamics have promoted the reallocation of output and employment to more productive firms. However, average markups have increased in various sectors, particularly in non-tradable services. The largest increases are in the top decile of the mark-up distribution, indicating a self-reinforcing dynamic where the winners-take-more.","onlinedate":"2024-12-18 09:37:30","lang":"English","publication_series":"","publication_date":"20241218","publication_date_year":"","publication_date_full":true,"publication_num_pages":"11","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":419776,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"15","journal":"WIFO Research Briefs","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44390],"research_groups":[3491],"collaboration":"","persons":[3776,3887],"persons_data":"[{\"personId\":3776,\"personName\":\"Michael Peneder\",\"organisationNames\":[]},{\"personId\":3887,\"personName\":\"Fabian Unterlass\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[42047],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Peneder, M.<\\\/span><span>, &amp; Unterlass, F.<\\\/span> (2024). <span>Winners-take-More: Firm-level Evidence on the State of Competition in Austria<\\\/span>. <span><em>WIFO Research Briefs<\\\/em><\\\/span>, (15).<\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Peneder M<\\\/span><span>, Unterlass F<\\\/span>. <span class=\\\"title\\\"><span>Winners-take-More: Firm-level Evidence on the State of Competition in Austria<\\\/span><\\\/span>. <span>WIFO Research Briefs<\\\/span>. 2024 Dec 18;(15).<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{fcc0e099d67c490bbf8414433ad1bde1,<\\\/div><div>  title    = \\\"Winners-take-More: Firm-level Evidence on the State of Competition in Austria\\\",<\\\/div><div>  abstract = \\\"The Research Brief summarises new evidence from micro data on the state of competition in Austria. The results show that industry concentration has remained relatively stable, while corporate dynamics have promoted the reallocation of output and employment to more productive firms. However, average markups have increased in various sectors, particularly in non-tradable services. The largest increases are in the top decile of the mark-up distribution, indicating a self-reinforcing dynamic where the winners-take-more.\\\",<\\\/div><div>  author   = \\\"Michael Peneder and Fabian Unterlass\\\",<\\\/div><div>  year     = \\\"2024\\\",<\\\/div><div>  month    = dec,<\\\/div><div>  day      = \\\"18\\\",<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  journal  = \\\"WIFO Research Briefs\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - Winners-take-More: Firm-level Evidence on the State of Competition in Austria<\\\/p><p>AU  - Peneder, Michael<\\\/p><p>AU  - Unterlass, Fabian<\\\/p><p>PY  - 2024\\\/12\\\/18<\\\/p><p>Y1  - 2024\\\/12\\\/18<\\\/p><p>N2  - The Research Brief summarises new evidence from micro data on the state of competition in Austria. The results show that industry concentration has remained relatively stable, while corporate dynamics have promoted the reallocation of output and employment to more productive firms. However, average markups have increased in various sectors, particularly in non-tradable services. The largest increases are in the top decile of the mark-up distribution, indicating a self-reinforcing dynamic where the winners-take-more.<\\\/p><p>AB  - The Research Brief summarises new evidence from micro data on the state of competition in Austria. The results show that industry concentration has remained relatively stable, while corporate dynamics have promoted the reallocation of output and employment to more productive firms. However, average markups have increased in various sectors, particularly in non-tradable services. 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