We develop a method to measure the incidence of monopolistic markup distortions in the global economy. Using semi-parametric formulas, we measure how trade modifies the deadweight loss of markups through two channels: (1) trade-induced change in markup dispersion, and (2) international...

Firms have to determine the right features and price for their new products as they introduce new product generations to the market. We consider the problem of determining the features of a new product that will be introduced by a monopolist into a market that contains an existing product as...