The EU and the US have started negotiations on a Transatlantic Trade and Investment Partnership Agreement (TTIP) which …

The EU and the US have started negotiations on a Transatlantic Trade and Investment Partnership Agreement (TTIP) which …

The EU and the US have started negotiations on a Transatlantic Trade and Investment Partnership Agreement (TTIP) which …

then used to estimate the effect of reducing tariffs on welfare, trade, and export participation. The authors find sizeable … gains to moving to free trade. Contrary to the view that the gains to lowering tariffs are larger in models with export … to trade reform in models with fixed costs and overstate the welfare gains in models without fixed costs. With fixed …

Fixed transaction costs and delivery lags are important costs of international trade. These costs lead firms to import … to a sudden, large increase in the relative price of imported goods creates a short-term trade implosion, an immediate …