at least a given fraction of its output - on exports, the intensity of competition and welfare, through the lens of a two …-country model of trade with heterogeneous firms. Our calibrated model suggests that this type of subsidy boosts exports more and …

-market price spreads. This is relevant for liquefied natural gas (LNG) exports. LNG transportation capacity is limited in the short … capture part of the price spread. We proceed to develop a method to value LNG exports under conditions of endogenous … value of LNG exports from the US to Japan. Our analysis shows that when transportation costs are correctly treated as …