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reshoring or offshoring. When the demand elasticity rises with price, two policy instruments generally are needed to achieve …
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be performed at home or abroad, but offshoring entails costs that vary by task. In equilibrium, the tasks with the … highest offshoring costs may not be traded. Among the remainder, those with the relatively higher offshoring costs are …
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tradable tasks and use it to study how falling costs of offshoring affect factor prices in the source country. We identify a …
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We develop an equilibrium model of industrial structure in which the organization of firms is endogenous. Differentiated consumer products can be produced either by vertically integrated firms or by pairs of specialized companies. Production of each variety of consumer good requires a unique,...
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