Carballo, Jerónimo; Graziano, Alejandro; Schaur, Georg; … - 2016 - This version: March 2016
We examine transaction-level Peruvian import data to show that firms are subject to significant costs of port-of-entry delays. At the transaction level, we observe the time it takes a shipment to clear each step in the entry process. Our theory shows conditions under which observed entry times...