The rise of superstar firms

John Van Reenen, MIT, discusses his work on how 'superstar firms' such as Google and Apple have changed the global economy. The superstars, although big, employ relatively few workers and this has contributed to depression of the overall aggregate share of labour in the economy. The risks arising from the market dominance of these firms also pose policy challenges.

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Topics:  Competition policy Industrial organisation

Tags:  superstar firms, Google, competition, winner-takes-all

Professor of Applied Economics, MIT

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CEPR Policy Research