Tristany Armangué-JubertTancredi RaponeAlessandro Ruggieri2026-03-222026-03-22202510.1016/j.red.2025.101321https://doi.org/10.1016/j.red.2025.101321https://andeanlibrary.org/handle/123456789/79026enEconomicsMonopsonyProductivityInvestment (military)Market powerAggregate (composite)Labour economicsBusiness cycleMicroeconomicsPerfect competitionFirm dynamics, monopsony, and aggregate productivity differencesarticle