{"id":"https://openalex.org/W7220453038","doi":"https://doi.org/10.1093/ser/mwag056","title":"Rising market power and its political discontents","display_name":"Rising market power and its political discontents","publication_year":2026,"publication_date":"2026-09-05","ids":{"openalex":"https://openalex.org/W7220453038","doi":"https://doi.org/10.1093/ser/mwag056"},"language":"en","primary_location":{"id":"doi:10.1093/ser/mwag056","doi":"https://doi.org/10.1093/ser/mwag056","is_oa":true,"landing_page_url":"https://doi.org/10.1093/ser/mwag056","pdf_url":null,"source":{"id":"https://openalex.org/S147547362","display_name":"Socio-Economic Review","issn_l":"1475-1461","issn":["1475-1461","1475-147X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-2","jufo-1","norway-1","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310311648","host_organization_name":"Oxford University Press","host_organization_lineage":["https://openalex.org/P4310311648","https://openalex.org/P4310311647"],"host_organization_lineage_names":["Oxford University Press","University of Oxford"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Socio-Economic Review","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://doi.org/10.1093/ser/mwag056","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5091945611","display_name":"Tommaso Crescioli","orcid":"https://orcid.org/0000-0002-4365-2522","observed_orcids":["https://orcid.org/0000-0002-4365-2522"]},"institutions":[{"id":"https://openalex.org/I4210128367","display_name":"Prometeia (Italy)","ror":"https://ror.org/02jsytr13","country_code":"IT","type":"company","lineage":["https://openalex.org/I4210128367"]},{"id":"https://openalex.org/I909854389","display_name":"London School of Economics and Political Science","ror":"https://ror.org/0090zs177","country_code":"GB","type":"education","lineage":["https://openalex.org/I124357947","https://openalex.org/I909854389"]}],"countries":["GB","IT"],"is_corresponding":false,"raw_author_name":"Tommaso Crescioli","raw_affiliation_strings":["Prometeia and The London School of Economics , Bologna, 40137,"],"raw_orcid":"https://orcid.org/0000-0002-4365-2522","affiliations":[{"raw_affiliation_string":"Prometeia and The London School of Economics , Bologna, 40137,","institution_ids":["https://openalex.org/I4210128367","https://openalex.org/I909854389"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5011329555","display_name":"Toon Van Overbeke","orcid":"https://orcid.org/0000-0002-0620-9943","observed_orcids":["https://orcid.org/0000-0002-0620-9943"]},"institutions":[{"id":"https://openalex.org/I34352273","display_name":"Maastricht University","ror":"https://ror.org/02jz4aj89","country_code":"NL","type":"education","lineage":["https://openalex.org/I34352273"]}],"countries":["NL"],"is_corresponding":false,"raw_author_name":"Toon Van Overbeke","raw_affiliation_strings":["Faculty of Arts and Social Sciences, Maastricht University , Maastricht, 6211 SZ,"],"raw_orcid":"https://orcid.org/0000-0002-0620-9943","affiliations":[{"raw_affiliation_string":"Faculty of Arts and Social Sciences, Maastricht University , Maastricht, 6211 SZ,","institution_ids":["https://openalex.org/I34352273"]}]}],"institutions":[],"countries_distinct_count":3,"institutions_distinct_count":3,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":2819,"currency":"GBP","value_usd":3718},"apc_paid":{"value":2819,"currency":"GBP","value_usd":3718},"fwci":0.0,"has_fulltext":true,"cited_by_count":0,"citation_normalized_percentile":{"value":0.0,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11397","display_name":"Populism, Right-Wing Movements","score":0.8657000064849854,"subfield":{"id":"https://openalex.org/subfields/3320","display_name":"Political Science and International Relations"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11397","display_name":"Populism, Right-Wing Movements","score":0.8657000064849854,"subfield":{"id":"https://openalex.org/subfields/3320","display_name":"Political Science and International Relations"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10108","display_name":"Electoral Systems and Political Participation","score":0.07109999656677246,"subfield":{"id":"https://openalex.org/subfields/3320","display_name":"Political Science and International Relations"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13291","display_name":"Political Theory and Democracy","score":0.012900000438094139,"subfield":{"id":"https://openalex.org/subfields/3320","display_name":"Political Science and International Relations"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/market-power","display_name":"market power","score":0.9710000157356262},{"id":"https://openalex.org/keywords/small-business-owners","display_name":"small business owners","score":0.8130000233650208},{"id":"https://openalex.org/keywords/radical-right-parties","display_name":"radical right parties","score":0.7670000195503235},{"id":"https://openalex.org/keywords/market-concentration","display_name":"market concentration","score":0.7020000219345093},{"id":"https://openalex.org/keywords/mergers","display_name":"mergers","score":0.9210000038146973},{"id":"https://openalex.org/keywords/microenterprises","display_name":"microenterprises","score":0.6520000100135803},{"id":"https://openalex.org/keywords/trust-in-democratic-institutions","display_name":"trust in democratic institutions","score":0.8930000066757202},{"id":"https://openalex.org/keywords/political-behavior","display_name":"political behavior","score":0.5180000066757202},{"id":"https://openalex.org/keywords/european-democracy","display_name":"European democracy","score":0.6679999828338623}],"concepts":[{"id":"https://openalex.org/C158016649","wikidata":"https://www.wikidata.org/wiki/Q161726","display_name":"Multinational corporation","level":2,"score":0.708899974822998},{"id":"https://openalex.org/C520049643","wikidata":"https://www.wikidata.org/wiki/Q189760","display_name":"Voting","level":3,"score":0.6965000033378601},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.659600019454956},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5415999889373779},{"id":"https://openalex.org/C2775881736","wikidata":"https://www.wikidata.org/wiki/Q1274157","display_name":"Market power","level":3,"score":0.5407000184059143},{"id":"https://openalex.org/C163258240","wikidata":"https://www.wikidata.org/wiki/Q25342","display_name":"Power (physics)","level":2,"score":0.525600016117096},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.48539999127388},{"id":"https://openalex.org/C49493942","wikidata":"https://www.wikidata.org/wiki/Q3400813","display_name":"Economic power","level":3,"score":0.48260000348091125},{"id":"https://openalex.org/C555826173","wikidata":"https://www.wikidata.org/wiki/Q7174","display_name":"Democracy","level":3,"score":0.47769999504089355},{"id":"https://openalex.org/C16051113","wikidata":"https://www.wikidata.org/wiki/Q828814","display_name":"Market share","level":2,"score":0.4684999883174896},{"id":"https://openalex.org/C119008658","wikidata":"https://www.wikidata.org/wiki/Q17162779","display_name":"Nonmarket forces","level":3,"score":0.36910000443458557},{"id":"https://openalex.org/C26850371","wikidata":"https://www.wikidata.org/wiki/Q6770838","display_name":"Market share analysis","level":4,"score":0.361299991607666},{"id":"https://openalex.org/C2776035688","wikidata":"https://www.wikidata.org/wiki/Q1606558","display_name":"Affect (linguistics)","level":2,"score":0.32440000772476196},{"id":"https://openalex.org/C63143784","wikidata":"https://www.wikidata.org/wiki/Q7885121","display_name":"Political risk","level":3,"score":0.31779998540878296},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3158999979496002},{"id":"https://openalex.org/C74363100","wikidata":"https://www.wikidata.org/wiki/Q273005","display_name":"Economic system","level":1,"score":0.29170000553131104},{"id":"https://openalex.org/C195534400","wikidata":"https://www.wikidata.org/wiki/Q641443","display_name":"Factor market","level":2,"score":0.2806999981403351},{"id":"https://openalex.org/C177324205","wikidata":"https://www.wikidata.org/wiki/Q2540376","display_name":"Voting behavior","level":4,"score":0.2745000123977661},{"id":"https://openalex.org/C51926234","wikidata":"https://www.wikidata.org/wiki/Q3312426","display_name":"Market microstructure","level":3,"score":0.27079999446868896},{"id":"https://openalex.org/C138921699","wikidata":"https://www.wikidata.org/wiki/Q47555","display_name":"Political economy","level":1,"score":0.2667999863624573}],"mesh":[],"locations_count":5,"locations":[{"id":"doi:10.1093/ser/mwag056","doi":"https://doi.org/10.1093/ser/mwag056","is_oa":true,"landing_page_url":"https://doi.org/10.1093/ser/mwag056","pdf_url":null,"source":{"id":"https://openalex.org/S147547362","display_name":"Socio-Economic Review","issn_l":"1475-1461","issn":["1475-1461","1475-147X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-2","jufo-1","norway-1","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310311648","host_organization_name":"Oxford University Press","host_organization_lineage":["https://openalex.org/P4310311648","https://openalex.org/P4310311647"],"host_organization_lineage_names":["Oxford University Press","University of Oxford"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Socio-Economic Review","raw_type":"journal-article"},{"id":"doi:10.2139/ssrn.4810762","doi":"https://doi.org/10.2139/ssrn.4810762","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.4810762","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},{"id":"pmh:oai:cris.maastrichtuniversity.nl:openaire/e660fa21-17a7-40db-9b95-aefd7f7f4c38","doi":null,"is_oa":true,"landing_page_url":"https://cris.maastrichtuniversity.nl/en/publications/e660fa21-17a7-40db-9b95-aefd7f7f4c38","pdf_url":null,"source":{"id":"https://openalex.org/S4306402616","display_name":"Research Publications (Maastricht University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I34352273","host_organization_name":"Maastricht University","host_organization_lineage":["https://openalex.org/I34352273"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Crescioli, T & Van Overbeke, T 2026, 'Rising market power and its political discontents', Socio-Economic Review. https://doi.org/10.1093/ser/mwag056","raw_type":"info:eu-repo/semantics/article"},{"id":"pmh:oai:researchonline.lse.ac.uk:141231","doi":null,"is_oa":true,"landing_page_url":"https://orcid.org/0000-0002-0620-9943>","pdf_url":"https://researchonline.lse.ac.uk/id/eprint/141231/1/mwag056.pdf","source":{"id":"https://openalex.org/S4306400050","display_name":"London School of Economics and Political Science Theses Online (London School of Economics and Political Science)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I909854389","host_organization_name":"London School of Economics and Political Science","host_organization_lineage":["https://openalex.org/I909854389"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"Article"},{"id":"pmh:oai:cris.maastrichtuniversity.nl:openaire/c5705069-4990-47a5-a3e7-95b9151d18ba","doi":null,"is_oa":true,"landing_page_url":"https://cris.maastrichtuniversity.nl/en/publications/c5705069-4990-47a5-a3e7-95b9151d18ba","pdf_url":null,"source":{"id":"https://openalex.org/S4306402616","display_name":"Research Publications (Maastricht University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I34352273","host_organization_name":"Maastricht University","host_organization_lineage":["https://openalex.org/I34352273"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Crescioli, T & Van Overbeke, T 2024 'Rising Market Power and its Political Discontents' Social Science Research Network (SSRN). https://doi.org/10.2139/ssrn.4810762","raw_type":"info:eu-repo/semantics/workingPaper"}],"best_oa_location":{"id":"doi:10.1093/ser/mwag056","doi":"https://doi.org/10.1093/ser/mwag056","is_oa":true,"landing_page_url":"https://doi.org/10.1093/ser/mwag056","pdf_url":null,"source":{"id":"https://openalex.org/S147547362","display_name":"Socio-Economic Review","issn_l":"1475-1461","issn":["1475-1461","1475-147X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-2","jufo-1","norway-1","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310311648","host_organization_name":"Oxford University Press","host_organization_lineage":["https://openalex.org/P4310311648","https://openalex.org/P4310311647"],"host_organization_lineage_names":["Oxford University Press","University of Oxford"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Socio-Economic Review","raw_type":"journal-article"},"sustainable_development_goals":[{"display_name":"Peace, justice, and strong institutions","id":"https://metadata.un.org/sdg/16","score":0.9200000166893005},{"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8","score":0.48510000109672546}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W7220453038.pdf","grobid_xml":"https://content.openalex.org/works/W7220453038.grobid-xml"},"referenced_works_count":49,"referenced_works":["https://openalex.org/W1985589284","https://openalex.org/W1998641451","https://openalex.org/W2093000348","https://openalex.org/W2097916756","https://openalex.org/W2116913953","https://openalex.org/W2121692752","https://openalex.org/W2157932147","https://openalex.org/W2165396007","https://openalex.org/W2165759449","https://openalex.org/W2167122315","https://openalex.org/W2369742958","https://openalex.org/W2522247035","https://openalex.org/W2551246769","https://openalex.org/W2593926131","https://openalex.org/W2611356021","https://openalex.org/W2771186397","https://openalex.org/W2775404440","https://openalex.org/W2782649466","https://openalex.org/W2794908058","https://openalex.org/W2897158014","https://openalex.org/W2900759500","https://openalex.org/W2902060816","https://openalex.org/W2912750842","https://openalex.org/W2913530656","https://openalex.org/W2914363257","https://openalex.org/W2951405782","https://openalex.org/W2964383261","https://openalex.org/W2974814827","https://openalex.org/W2979586175","https://openalex.org/W2987202871","https://openalex.org/W3113269512","https://openalex.org/W3122636467","https://openalex.org/W3123992264","https://openalex.org/W3124265334","https://openalex.org/W3124820393","https://openalex.org/W3133494150","https://openalex.org/W3135669602","https://openalex.org/W3138544629","https://openalex.org/W3155213167","https://openalex.org/W3208723384","https://openalex.org/W3212925995","https://openalex.org/W4252814335","https://openalex.org/W4285483857","https://openalex.org/W4294863360","https://openalex.org/W4378715053","https://openalex.org/W4387975274","https://openalex.org/W4391151792","https://openalex.org/W4391965190","https://openalex.org/W4405679710"],"related_works":["https://openalex.org/W7078429120","https://openalex.org/W4410329694","https://openalex.org/W4408889547","https://openalex.org/W2611601492","https://openalex.org/W2771186397","https://openalex.org/W7213377594","https://openalex.org/W63167587","https://openalex.org/W6945357797","https://openalex.org/W7126734170","https://openalex.org/W4388400412"],"abstract_inverted_index":{"Abstract":[0],"How":[1],"does":[2],"market":[3,16,49,98,107,156],"power":[4,17,50],"affect":[5],"the":[6,14,25,61,112,122,141,149,153,170],"political":[7],"behavior":[8],"of":[9,18,63,116,126,132,152,155],"small":[10,29,52,176],"business":[11,53,177],"owners?":[12],"As":[13],"growing":[15,48],"large":[19],"multinational":[20],"firms":[21,128],"has":[22],"fundamentally":[23],"changed":[24],"opportunity":[26],"structure":[27],"for":[28,169],"businesses":[30],"and":[31,60,70,82,104,121,134,143],"their":[32,72],"beneficiaries,":[33],"we":[34],"try":[35],"to":[36,67,74,89],"understand":[37],"how":[38],"those":[39],"economic":[40,114,124],"developments":[41],"influence":[42],"European":[43,87],"democracies.":[44],"We":[45,78],"argue":[46],"that":[47,96],"lowers":[51],"owners\u2019":[54],"trust":[55],"in":[56,106,162,179],"key":[57],"democratic":[58],"institutions":[59],"functioning":[62],"markets,":[64],"driving":[65],"them":[66],"reject":[68],"incumbents":[69],"shift":[71],"support":[73,174],"radical":[75,136,172],"right":[76,137,173],"parties.":[77],"employ":[79],"firm-level,":[80],"individual-level,":[81],"regional-level":[83],"data":[84],"on":[85,158],"fourteen":[86],"countries":[88],"test":[90],"this":[91],"argument.":[92],"Our":[93],"findings":[94],"indicate":[95],"rising":[97],"power,":[99],"measured":[100],"by":[101],"combining":[102],"mergers":[103,120],"increases":[105],"concentration,":[108],"is":[109],"associated":[110],"with":[111],"declining":[113,123],"performance":[115],"micro-firms.":[117],"In":[118],"turn,":[119],"share":[125],"these":[127],"are":[129],"robust":[130],"predictors":[131],"anti-incumbent":[133],"increased":[135],"voting":[138],"both":[139],"at":[140],"individual":[142],"constituency":[144],"levels.":[145],"This":[146],"article":[147],"provides":[148],"first":[150],"analysis":[151],"effect":[154],"concentration":[157],"rich":[159],"democracies":[160],"and,":[161],"doing":[163],"so,":[164],"offers":[165],"a":[166],"novel":[167],"explanation":[168],"surprising":[171],"among":[175],"owners":[178],"Europe.":[180]},"counts_by_year":[],"updated_date":"2026-11-10T11:39:43.021295","created_date":"2026-10-06T00:00:00"}
