Efficient Imperfect Competition with an Application to International Trade
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I study the equilibrium and the welfare effects of international trade when product markets are imperfectly competitive due of search frictionsas in Burdett and Judd (1983)rather than product differentiationas in Dixit and Stiglitz (1977). Markups are positive, even though there are multiple firms
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美国国家经济研究局创建时间：
2024-12-01
