prices, productivity levels and markups as functions of openness to trade at a sectoral level. The theory lends itself … evidence that trade openness exerts a competitive effect, with prices and markups falling and productivity rising. Consistent …

estimate of firms' price responses to changes in prices of their competitors. We develop a general framework and an empirical …, which contains detailed information on firm domestic prices, marginal costs, and competitor prices. The rare features of …, that these findings have important implications for shaping the response of domestic prices to international shocks. …

estimate of firms' price responses to changes in prices of their competitors. We develop a general framework and an empirical …, which contains detailed information on firm domestic prices, marginal costs, and competitor prices. The rare features of …, that these findings have important implications for shaping the response of domestic prices to international shocks. …

that it has specific benefits in terms of reducing prices, creating jobs, or increasing wages. While economists often … emphasize the consumer benefits of trade due to lower prices, only 20-40% of survey respondents in most countries perceive such …

prices, productivity levels and markups as functions of openness to trade at a sectoral level. The theory lends itself … evidence that trade openness exerts a competitive effect, with prices and markups falling and productivity rising. Consistent …

stores, and the after-tax price dispersion. Using an unbalanced panel of weekly prices for 553 stores throughout Mexico, we …