3 ms·
The literature is divided. I will point out most of the people you are sharing are not econometricists by trade. And these articles are mostly just saying that
by whimsicalism 2y ago
The literature is divided. I will point out most of the people you are sharing are not econometricists by trade. And these articles are mostly just saying that a lot of the cost is due to middlemen.
Here is an extremely recent study by one of the most famous econometricists out there:
https://www.nber.org/papers/w32606#fromrss https://www.nber.org/papers/w32606#fromrss