Trade, markup heterogeneity and misallocations

By Paolo Epifani, Gino Gancia. 2011

209 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/4cd7ade93053e505f36dddcfb65ff31db8688925

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In Economics and Econometrics

Citations in the corpus

Productivity and Misallocation in General Equilibrium* (2017, result): “37This result relates to Epifani and Gancia (2011), who show that in a horizontal economy, output losses from markup dispersion are monotonically increasing in the elasticity of substitution (when compared to social planner’s allocation).”
International Trade in General Oligopolistic Equilibrium (2016, methodology): “So Lemmas 1 and 2 provide a micro-foundation in our model for the importance of markup dispersion in making gains from trade possible, as emphasized by Hsieh and Klenow (2007), Epifani and Gancia (2011) and Edmond et al. (2015).”
Monopolistic Competition and Optimum Product Diversity under Firm Heterogeneity (2019, background): “Epifani and Gancia (2011) generalize this to multiple sectors, while Eckel (2008) examines efficiency when firms affect the price index.”
Heterogeneous Markups, Growth, and Endogenous Misallocation (2020, background): “32 30See also Foster et al. (2008), who - using US data - report qualitatively similar findings for particular industries selling homogenous products. 31In Section OA-2.6 in the Appendix I present additional robustness checks for these results. In particular, I show that the results do not substanti”
WTO Accession and Performance of Chinese Manufacturing Firms (2017, background): “Epifani and Gancia (2011) show theoretically that welfare gains from trade liberalization are more likely to be positive under free entry, while asymmetric tariff reductions might exacerbate misallocation and even reduce aggregate welfare if entry barriers are important.”