Replication data for: Understanding Markups in the Open Economy
Principal Investigator(s): View help for Principal Investigator(s) Katheryn N. Russ; Beatriz de Blas
Version: View help for Version V1
| Name | File Type | Size | Last Modified |
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| Replication | 08/03/2019 05:25:AM | ||
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text/plain | 14.6 KB | 08/03/2019 01:25:AM |
Project Citation:
Project Description
Summary:
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This paper presents a new model of Bertrand competition between heterogeneous firms in the open economy where the macroeconomic distribution of markups responds to the degree of trade openness and the underlying level of technology in each trading partner. The model's simple closed-form distributions for markups and pricing yield predictions that coincide with a number of stylized facts from the empirical literature on markups, pass-through, and trade openness which previously could be illustrated only through numerical simulations. (JEL D43, F12, F41, L13)
Scope of Project
JEL Classification:
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F41 Open Economy Macroeconomics
L13 Oligopoly and Other Imperfect Markets
F12 Models of Trade with Imperfect Competition and Scale Economies • Fragmentation
D43 Oligopoly and Other Forms of Market Imperfection
F41 Open Economy Macroeconomics
L13 Oligopoly and Other Imperfect Markets
F12 Models of Trade with Imperfect Competition and Scale Economies • Fragmentation
D43 Oligopoly and Other Forms of Market Imperfection
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