Okubo, Toshihiro; Picard, Pierre M.; Thisse, … - In: Journal of Regional Science 54 (2014) 5, pp. 731-754
type="main" <title type="main">ABSTRACT</title> <p>We study how the level of trade costs and the intensity of competition interact to explain the nature and intensity of trade within a given industry and the location of firms across countries. As trade costs decrease from very high to very low values, the global economy...</p>