We estimate import price inflation for different income deciles of US consumers over the
years 1998 through 2014. After structurally estimating the parameters of a model capturing …

This paper uses confidential US Customs data on US importers and their Chinese exporters
to investigate the frictions from changing exporting partners. High costs from switching …

We develop a quantitative theory of prices in firm-to-firm trade with bilateral negotiations and
two-sided market power. Markups reflect oligopoly and oligopsony forces, with relative …

Differences in consumption patterns across demographic groups mean that international
price shocks differentially affect such groups. We construct import price indexes for US …

We study the impact of foreign market entry and exit by firms on the trajectory of US exports
during and after the Great Recession. Using confidential microdata from the US Census …

The collapse of international trade surrounding the Great Recession has garnered
significant attention. This paper studies firm entry and exit in foreign markets and their role in …

Global value chains (GVCs) typically involve large firms exerting bargaining power over the
terms of trade. We develop a novel theory of international prices accounting for these …

In a time of greatly improved long-distance transportation technology, low tariffs, and
continued strengthening of economic links between countries, scholars of international trade …