Figure 1. Markup Distribution and Misallocation in Benchmark Model
Figure 2. Equilibrium and Planner Allocations
Figure 3. Welfare Gains from Alternative Policies
Figure 5. Effect of Entry Subsidy on Markups, \(\mathcal{M}=1.15\)
Figure 6. Aggregate Markup with Translog Demand
Figure A1. Cost-Weighted vs. Sales-Weighted Average Markups, Compustat interactive
Figure B1. Aggregate Markup from Census Data
Figure I1. Love For Variety Effects
Figure 4. Optimal Entry Subsidy, \(\mathcal{M}=1.15\)