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Events

Home Events
Knowledge is (Market) Power
Knowledge is (Market) Power
Knowledge is (Market) Power
Knowledge is (Market) Power
Knowledge is (Market) Power
12Jan
Economics

Knowledge is (Market) Power

12 January 2024 | 10:00 a.m. - 11:30 a.m.
KK 301, K. K. Leung Building, HKU
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Speaker:

Mr. Jinglun Yao
Ph.D. Candidate in Economics
London Business School

Abstract:

US corporate concentration has been persistently rising over the past century and productivity growth has been concurrently declining. This paper builds a continuous-time Schumpeterian growth model in which a uniform decline in research efficiency increases the relative growth of leading firms compared to laggards and endogenously thickens the Pareto tail of firms’ productivity distribution. With a demand system featuring realistic variable demand elasticities, the model explains a large part of the dynamics of firms’ productivity, corporate concentration, markup, labor share, R&D cost, entry and exit rates, as well as job creation and destruction rates in the US since the 1980s. The model can also accommodate increasing concentration with a stable markup and labor share in the pre-1980 period by accounting for the role of economic integration.

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214th Congregation (Summer Congregation 2025)
7Jul-8Jul
Faculty Level | Event
214th Congregation (Summer Congregation 2025)
Grand Hall, Centennial Campus, HKU
Semiparametric Identification of the Discount Factor and Payoff Function in Dynamic Discrete Choice Models
Semiparametric Identification of the Discount Factor and Payoff Function in Dynamic Discrete Choice Models
Semiparametric Identification of the Discount Factor and Payoff Function in Dynamic Discrete Choice Models
Semiparametric Identification of the Discount Factor and Payoff Function in Dynamic Discrete Choice Models
Semiparametric Identification of the Discount Factor and Payoff Function in Dynamic Discrete Choice Models
18Jun
Economics | Seminar
Semiparametric Identification of the Discount Factor and Payoff Function in Dynamic Discrete Choice Models
18 June 2025 | 2:15 PM - 3:30 PM
KK 910 K. K. Leung Building, HKU
Prof. Katsumi Shimotsu
Knowledge is (Market) Power
About Speaker
Mr. Jinglun Yao

Ph.D. Candidate in Economics, London Business School

Knowledge is (Market) Power
12 January 202410:00 a.m. - 11:30 a.m.
KK 301, K. K. Leung Building, HKU
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