G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w21691
来源IDWorking Paper 21691
Contracting and the Division of the Gains from Trade
Andrew B. Bernard; Swati Dhingra
发表日期2015-11-02
出版年2015
语种英语
摘要This paper examines the microstructure of import markets and the division of the gains from trade among consumers, importers and exporters. When exporters and importers transact through anonymous markets, double marginalization and business stealing among competing importers lead to lower profits. Trading parties can overcome these inefficiencies by investing in richer contractual arrangements such as bilateral contracts that eliminate double marginalization and joint contracts that also internalize business stealing. Introducing these contractual choices into a trade model with heterogeneous exporters and importers, we show that trade liberalization increases the incentive to engage in joint contracts, thus raising the profits of exporters and importers at the expense of consumer welfare. We examine the implications of the model for prices, quantities and exporter-importer matches in Colombian import markets before and after the US-Colombia free trade agreement. US exporters that started to enjoy duty-free access were more likely to increase their average price, decrease their quantity exported and reduce the number of import partners.
主题International Economics ; Trade
URLhttps://www.nber.org/papers/w21691
来源智库National Bureau of Economic Research (United States)
引用统计
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/579366
推荐引用方式
GB/T 7714
Andrew B. Bernard,Swati Dhingra. Contracting and the Division of the Gains from Trade. 2015.
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