implications of the theory literature on this topic in an empirical study of the US cement industry between 1994 and 2006. Firms in … this sector have the ability to deliver cement either from domestic plants or from imports. Since cement is costly to … intensive industries, such as cement, by increasing the relative cost of domestic production. -- capacity investment ; demand …

returns to scale and imperfect competition in the cement industry and compare it with an Armington-style model. I apply the … underestimate relocation of the cement industry. The higher relocation of production and emissions comes with larger trade effects …, and this implies that trade in cement is a better substitute for trade in emissions in the alternative model …