Recent trade theory in the Krugman (1980) tradition predicts that countries with larger market size enjoy higher levels … spending on inputs is affected by trade costs. However, in cross-country data, there is no such positive correlation between … is implicitly assumed in the usual formulation of aggregate CES production functions. Whether trade liberalization …

favors the country that supplies the most liquid assets. In such a setting, trade liberalization magnifies the gap in …

This paper uses Chinese customs data to investigate the trade effects of anti-dumping (AD) policies. Merging firm … larger ones, suggesting important within-industry reallocation effects. Moreover, we find evidence for trade deflection as AD …

We extend structural gravity models of bilateral trade flows to oligopolistic competition. We show that conventional … gravity estimates do not only reflect trade costs but also market power. Our simple estimation procedure generalizes the … standard gravity model and disentangles exogenous trade frictions and endogenous market power distortions. We use our estimated …

inequality in one country creates price divergence between trading countries. Lower inequality not only further decreases trade … poorer individuals and, in specific circumstances, on the whole population. In an open economy with free trade, lower income …

We develop a heterogeneous-firms model with trade in goods, labor mobility and credit constraints due to moral hazard … trade liberalization. While the former leads to more dispersion of economic activity across space, the latter tends to drive … of economic activity with information on the access to credit and the dependence on external finance. Our estimates for …

The recent literature on firm-to-firm trade has documented salient empirical regularities of the buyer-seller network …

-parametric formulas, we measure how trade modifies the deadweight loss of markups through two channels: (1) trade-induced change in markup … zero-sum welfare effects similar to implicit tariffs that tilt the terms of trade in favor of countries exporting high … compile new data on global profit ownership. Our findings reveal that trade has greatly reshaped the global incidence of …