By combining two large data sets (on international trade flows and cross-border mergers and acquisitions – M&As), we …

By combining two large data sets (on international trade flows and cross-border mergers and acquisitions - M&As), we …

This paper contributes to research endogenizing multinational firms in general-equilibrium trade models. We attempt to … trade costs are moderate to high. In some cases, foreign investment or trade liberalization leads to a reversal in the … direction of trade. Investment liberalization can also lead to an increase in the volume of trade and produces a strong tendency …

We examine the setting of national competition policy in a two-country setting,emphasizing the relationship of trade to … equilibrium distributional effects of competition policy, therelationship of national competition policy to terms-of-trade gains … and losses,the implications of distinct national markets linked through trade (thestarting point for all trade theorists …

The Dispute Settlement (DS) system is a central feature of the World Trade Organization (WTO) Agreement. This …

We propose a model of trade agreements in which contracting is costly, and as a consequence the optimal agreement may … be incomplete. Inspite of its simplicity, the model yields rich predictions on the structure of the optimal trade … explicitly into account can help explain a number of key features of real trade agreements. …