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We investigate the nature of price competition among firms that produce differentiated products and compete in markets … allows us to discriminate among models of global competition, in which all products compete with all others, and local … competition, in which products compete only with their neighbors. We apply our semiparametric estimator to data from U …
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For many low-income countries, the impact of structural reforms on economic growth and poverty alleviation crucially depends on the response of aggregate agricultural supply to changing incentives. Despite its policy relevance, the size of this parameter is still largely unknown. This paper...
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