Competition, Markups, and the Gains from International Trade
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We study the gains from trade in a model with endogenously variable markups. We show that the pro-competitive gains from trade are large if the economy is characterized by (i) extensive misallocation, i.e., large inefficiencies associated with markups, and (ii) a weak pattern of cross-country
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美国国家经济研究局创建时间：
2012-05-01
