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The aim of this paper is to analyse the effects of tourism consumption on imports. The basic idea is that conversion of … tourism expenditure into value added and GP depends on the effect of the former on imports. Imports are leakages that reduce …. After finding some stylised facts about the evolution of tourism consumption and imports in the Canary Islands, the paper …
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We develop a quantitative theory of prices in firm-to-firm trade with bilateral negotiations and two-sided market power. Markups reflect oligopoly and oligopsony forces, with relative bargaining power as weight. Cost pass-through elasticities into import prices can be incomplete or complete,...
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