The DOI matches its Crossref record; 30 of the 30 references it cites were found in a registry or an index.
New Trade Models, New Welfare Implications
Open accessAbstract
We show that endogenous firm selection provides a new welfare margin for heterogeneous firm models of trade (relative to homo geneous firm models). Under some parameter restrictions, the trade elasticity is constant and is a sufficient statistic for welfare, along with the domestic trade share. However, even small deviations from these restrictions imply that trade elasticities are variable and differ across markets and levels of trade costs. In this more general setting, the domestic trade share and endogenous trade elasticity are no longer sufficient statistics for welfare. Additional empirically observable moments of the micro structure also matter for welfare. (JEL F12, F13, F41)
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Cites
The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity
Melitz, M. J. (2003) · Econometrica · doi:10.1111/1468-0262.00467 · Cited by 12,309
Self-citationMONOPOLISTIC COMPETITION AND OPTIMUM PRODUCT DIVERSITY
Dixit, A., Stiglitz, J. E., Dixit, A. K., & Stiglitz, J. E. (1975) · RePEc: Research Papers in Economics · doi:10.22004/ag.econ.268957 · Cited by 7,391
(2012) · American Economic Review · doi:10.1257/aer.102.7.i · Cited by 6,810
Technology, Geography, and Trade
Eaton, J., & Kortum, S. (2002) · Econometrica · doi:10.1111/1468-0262.00352 · Cited by 4,485
Scale Economies, Product Differentiation, and the Pattern of Trade
(1990) · Rethinking International Trade · doi:10.7551/mitpress/5933.003.0005 · Cited by 4,464
Armington, P. S. (1969) · Staff Papers - International Monetary Fund · doi:10.2307/3866403 · Cited by 4,271
Plants and Productivity in International Trade
Bernard, A. B., Eaton, J., Jensen, J. B., & Kortum, S. (2003) · American Economic Review · doi:10.1257/000282803769206296 · Cited by 2,980
Bernard, A. B., Jensen, J. B., Redding, S. J., & Schott, P. K. (2007) · Journal of Economic Perspectives · doi:10.1257/jep.21.3.105 · Cited by 2,547
Self-citationAnderson, J. E., & van Wincoop, E. (2004) · Journal of Economic Literature · doi:10.1257/0022051042177649 · Cited by 2,524
Estimating Trade Flows: Trading Partners and Trading Volumes *
Helpman, E., Melitz, M., & Rubinstein, Y. (2008) · Quarterly Journal of Economics · doi:10.1162/qjec.2008.123.2.441 · Cited by 2,436 · cited 2×
“d ln τ = { (σ − 1)− d ln Λ d ln τ > 0 for τ (fx/fd) 1/(σ−1) > 1 (σ − 1) > 0 for τ (fx/fd) < 1 , (19)”
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Cited by
Globalization, inequality and welfare
Antràs, P., de Gortari, A., & Itskhoki, O. (2017) · Journal of International Economics · doi:10.1016/j.jinteco.2017.07.009 · Cited by 181
Heterogeneous effects of economic integration agreements
Baier, S. L., Bergstrand, J. H., & Clance, M. W. (2018) · Journal of Development Economics · doi:10.1016/j.jdeveco.2018.08.014 · Cited by 122
Carbon policy and the structure of global trade
Balistreri, E. J., Böhringer, C., & Rutherford, T. F. (2018) · The World Economy · doi:10.1111/twec.12535 · Cited by 34
Metadata
- Authors
- Melitz, M. J., & Redding, S. J.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2015-03-01
- Volume
- 105
- Issue
- 3
- Pages
- 1105-1146
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W2071054571
- Cited by
- 347
- References
- 30
- FWCI
- 88.21
- Type
- journal article
- Language
- en
- Open access
- green
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
