Working Paper
Market power and merger control in South Africa
We estimate structural, materials, and labour markups for the South African economy at the three-digit industry level for 2012–19. The fall in structural labour and materials markups found for the numerical majority of industries are generally...
Working Paper
Markups and market structure in South Africa
The South African economy is generally understood to be characterised by high levels of product market concentration and high firm markups. This paper reviews the existing literature and discusses what can be learnt from new administrative firm-level...