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Access here alternative investment news about The Role Of Intangible Capital In Explaining Superstar Firms | Vox, Cepr Policy Portal
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The Role Of Intangible Capital In Explaining Superstar Firms | Vox, Cepr Policy Portal

by voxeu.org posted 8months ago 24 views
The emergence of ‘superstar’ firms that achieve vastly better returns on invested capital have led to concern that some sectors are too concentrated. The column argues that this difference in returns can be accounted for by better measurement of intangible capital. These firms may not be exercising market power in ways that harm consumers in the short run, but policymakers should ensure that markets remain contestable.

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