Two-Sided Heterogeneity and Trade

Andrew Bernard, Andreas Moxnes and Karen Helene Ulltveit-Moe

The Review of Economics and Statistics, 2018, vol. 100, issue 3, 424-439

Abstract: This paper develops a multicountry model of international trade that provides a simple microfoundation for buyer-seller relationships in trade. We explore a rich data set that identifies buyers and sellers in trade and establish a set of basic facts that guide the development of the theoretical model. We use predictions of the model to examine the role of buyer heterogeneity in a market for firm-level adjustments to trade shocks, as well as to quantitatively evaluate how firms’ marginal costs depend on access to suppliers in foreign markets.

Date: 2018
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Related works:
Working Paper: Two-sided heterogeneity and Trade (2016)
Working Paper: Two-sided heterogeneity and trade (2016)
Working Paper: Two-sided Heterogeneity and Trade (2016)
Working Paper: Two-Sided Heterogeneity and Trade (2014)
Working Paper: Two-sided Heterogeneity and Trade (2013)
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