Bargaining Failure and Failure to Bargain
Michael Meurer
Michael Meurer
Robert Seamans
Robert Seamans
Timothy Simcoe (with Jeremy Watson)
Timothy Simcoe (with Ajay Agrawal and Carlos Rosell)
Timothy Simcoe (with R. Bekkers, C. Catalini, A. Martinelli and C. Righi)
Timothy Simcoe with Cesare Righi
James Bessen
Since 1980, US corporate valuations have risen relative to assets and operating margins have grown. The possibility of sustained economic rents has raised concerns about economic dynamism and inequality. But rising profits could come from political rents or, instead, from returns to investments in intangibles. This paper explores these factors using new data on Federal regulation and data on lobbying, campaign spending, R&D, and organizational capital.
Catherine Tucker
Catherine Tucker