optimize over their import strategy and which yields a sufficient statistics formula for the quantification of the effects of … the consumer price index by 1.7% and that the import-channel, i.e. the enhanced access to foreign goods that is allowed by …

supported by the data. Holding the sourcing strategy fixed, we find that larger firms (i) have lower import shares, (ii …) concentrate their import spending on their top varieties and (iii) pay higher prices for their imported inputs. Our findings imply …