Publications

Revisiting the Global Decline in the (Non-Housing) Labor Share, with Sophie Piton (2020). American Economic Review: Insights (2020). Appendix. Slides. Media: The Economist, Hutchins Roundup, Central Banking

From Good to Bad Concentration? U.S. Industries over the past 30 years, with Matias Covarrubias and Thomas Philippon. NBER Macro Annual Conference (2019). Media: The Economist, Financial Times, Bloomberg, Wash. Post

Fading Stars, with Thomas Philippon. AEA Papers and Proceedings (2019). Media: ProMarket, Financial Times

Ownership, Concentration, and Investment, with Thomas Philippon. AEA Papers and Proceedings (2018)

Investment-less growth: An Empirical Investigation, with Thomas Philippon. Brookings Papers on Economic Analysis (2017). Slides. Media: NYT, Bloomberg, Reuters

Is there an investment gap in advanced economies? If so, why?, with Robin Döttling and Thomas Philippon. ECB Forum on Central Banking (2017). Media: VoxEU

Estimating the Probability That the Game of Monopoly Never Ends, with Eric Friedman, Shane Henderson and Thomas Buyen. Proceedings of the 2009 Winter Simulation Conference (2009). Media: San Diego Tribune

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Working Papers

Entry Costs and the Macroeconomy, with Callum Jones and Thomas Philippon (2021) NEW VERSION!!!

Nonbank Lending and Credit Cyclicality, with Quirin Fleckenstein, Manasa Gopal, and Sebastian Hillenbrand (2021)  NEW VERSION!!!

Some Facts about Dominant Firms with Thomas Philippon (2020) 

How EU Markets Became More Competitive Than US Markets: A Study of Institutional Drift, with Thomas Philippon (2018) (Old version). Media: Financial Times, WSJ, Bloomberg. 

The Failure of Free Entry with Thomas Philippon (2019) 

Old/superseded papers

1. Declining Competition and Investment, with Thomas Philippon (2017), superseded by Covarrubias, Gutierrez and Philippon (2019) 

2. Investigating Global Labor and Profit Shares (2017); superseded by  Gutierrez and Piton (2020)