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Anonymous Market and Group Ties in International Trade
Casella, Alessandra; Rauch, James E. - 2021
When trade involves differentiated products, preferential ties to a group settled abroad facilitate an exporter's entry into the foreign market by providing information and access to distribution channels. This contrasts with the difficulties experienced by an unattached producer unfamiliar with...
Persistent link: https://www.econbiz.de/10013226069
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First Mover Advantages, Blockaded Entry, and the Economics of Uneven Development
Markusen, James R. - 2021
A two-sector, two-period trade model is developed in which one sector has increasing returns based on the creation of specialized intermediate inputs. One of the two (otherwise identical) countries is not able to enter the increasing returns sector in the first period through some "accident of...
Persistent link: https://www.econbiz.de/10013222249
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A 'Reciprocal Dumping' Model of International Trade
Brander, James A.; Krugman, Paul R. - 2022
trade. The model shows how such rivalry naturally gives rise to "dumping" of output in foreign markets, and shows that such … dumping can be "reciprocal" -- that is, there may be two-way trade in the same product. Reciprocal dumpingis shown to be … monopoly distortions. Surprisingly,in the case of free entry and Cournot behaviour reciprocal dumping is unanibiuously …
Persistent link: https://www.econbiz.de/10013324586
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Varieties and the Transfer Problem : The Extensive Margin of Current Account Adjustment
Corsetti, Giancarlo - 2010
Most analyses of the macroeconomic adjustment required to correct global imbalances ignore net exports of new varieties of goods and services and do not account for firms' entry in the product market. In this paper we revisit the macroeconomics of trade adjustment in the context of the classic...
Persistent link: https://www.econbiz.de/10012759531
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Entry, Trade, and Exporting Over the Cycle
Alessandria, George A. - 2019
We study how international trade and the exporting decisions of establishments affect establishment creation over the business cycle in a general equilibrium model. The model captures two key features of establishment and exporter dynamics: i) new establishments start small and grow over time...
Persistent link: https://www.econbiz.de/10012863689
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The Impact of Trade on Intraindustry Reallocation and Aggregate Industry Productivity : A Comment
Baldwin, Richard E.; Robert-Nicoud, Frederic - 2021
Melitz (2003) demonstrates that greater trade openness raises industry productivity via a selection effect and via a production re-allocation effect. Our comment points out that the set-up assumed in the Melitz model displays a trade off between static and dynamic efficiency gains. That is,...
Persistent link: https://www.econbiz.de/10013233227
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Spillovers, Foreign Investment, and Export Behavior
Aitken, Brian; Hanson, Gordon H.; Harrison, Ann E. - 2021
Case studies of export behavior suggest that firms who penetrate foreign markets reduce entry costs for other potential exporters, either through learning by doing or through establishing buyer- supplier linkages. We pursue the idea that spillovers associated with one firm's export activity...
Persistent link: https://www.econbiz.de/10013249695
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Procompetitive Market Access
Krishna, Kala; Roy, Suddhasatwa; Thursby, Marie C. - 2022
The view that U.S. businesses are being unfairly hurt by barriers to access in foreign markets has raised demands for market access requirements (MARs) from within U.S. industry and government alike. We show that, contrary to the prevailing wisdom of the recent literature, MARs can be...
Persistent link: https://www.econbiz.de/10013313333
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The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity
Melitz, Marc J. - 2021
This paper builds a dynamic industry model with heterogeneous firms that explains why international trade induces reallocations of resources among firms in an industry. The paper shows how the exposure to trade will induce only the more productive firms to enter the export market (while some...
Persistent link: https://www.econbiz.de/10013234363
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Pricing-to-Market in a Ricardian Model of International Trade
Atkeson, Andrew - 2010
We study the implications for international relative prices of a simple Ricardian model of international trade with imperfect competition and variable markups, providing a tractable account of firm-level and aggregate prices. We show that both trade costs and imperfect competition with variable...
Persistent link: https://www.econbiz.de/10012760428