Globalization, Markups and U.S. Welfare
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This paper is the first attempt to structurally estimate the impact of globalization on markups, and the effect of changing markups on welfare, in a monopolistic competition model. To achieve this, we work with a class of preferences that allow for endogenous markups and firm entry and exit that are
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美国国家经济研究局创建时间：
2010-02-01
