We study the implications for international relative prices of a simple Ricardian model of international trade with … trade costs and imperfect competition with variable markups are needed to account for pricing-to-market at the firm and … aggregate levels. We also show that international trade costs are essential, but pricing-to-market is not, to account for a high …

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 …

general equilibrium model of international trade with heterogeneous firms and non-homothetic consumer preferences that …

-moment shocks lead to increases in trade relative to GDP in recessions. Empirically, using detailed product-level data in the motor …

This article reviews the state of the international trade literature on multinational firms. This literature addresses … contract with local producers or distributors? We organize our exposition of the trade literature on multinational firms around …

, intermediate goods, and multiple factors of production--affect the magnitude of the gains from trade liberalization. We conclude by …

distributional effects of trade reforms and exchange rate movements. …