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    • (Mis)Allocation, Market Power, and Global Oil Extraction 

      Asker, J; Collard-Wexler, A; De Loecker, J (American Economic Review, 2019-04-01)
      © 2019 American Economic Association. All Rights Reserved. We propose an approach to measuring the misallocation of production in a market that compares actual industry cost curves to undistorted (counterfactual) supply ...