We construct a model of trade with heterogeneous retailers to examine the effects of trade liberalization on retail …

This paper investigates the implications for international markets of the existence of retailers/wholesalers with …

effect of demand shocks, this occurs when competitive retailers must order inventories before they know the realization of … retailers trade unsold inventories generally results in larger orders placed with the manufacturer, higher manufacturer profit …

Based on a theoretical model featuring heterogeneous retailers that may source globally and operate as chains, we … retailers are larger, more profitable, and have a higher propensity to have multiple shops than domestically sourcing firms … activities. Moreover, we find that retail imports are associated with a higher exit probability of small retailers and greater …

The paper shows that taking inventory control out of the hands of competitive or exclusive retailers and assigning it … because doing so solves incentive distortions that arise when retailers have to allocate inventory across sales periods, and …