What question did this study set out to answer?

The aim is to explore how intangible assets influence price-cost and wage markups in firms.

Intangible assets and imperfections in product and labor markets

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The aim is to explore how intangible assets influence price-cost and wage markups in firms.
Developed a micro-founded economic framework
Analyzed microdata from the Netherlands
Examined relationships between intangible assets and markups in firms
Found higher price-cost markups in firms with more intangible assets
Identified higher wage markups associated with intangible-rich firms
Documented lower wages for workers with non-compete agreements

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Micro-founded framework explores how intangible assets impact market markups and rent sharing among firms and workers.

Bartelsman et al. (2026) studied this question.

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