SMU SOE Seminar (Nov 8, 2019, 2-3.30pm): IO for Export(s)

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ABSTRACT We provide an overview and synthesis of recent work on models of monopolistic competition with heterogeneous firms in international trade, paying particular attention to pass-through, selection effects, competition effects, and matching endogenous with exogenous distributions. A recurring theme is that CES preferences are extremely convenient for deriving analytic results, but also extremely restrictive in their theoretical and empirical implications. We introduce the class of “constant-response demand functions” to describe some related families of demand functions that provide a unifying principle for much recent work that explores alternatives to CES demands. Keywords: Heterogeneous firms, pass-through, quantifying effects of globalization, super- and sub-convexity, supermodularity. JEL Codes: F12, L11, F23. Click here to view the paper. Click here to view the CV.
		PRESENTER Peter Neary University of Oxford
		RESEARCH FIELDS International Trade Industrial Organization
		DATE: 8 November 2019 (Friday)
		TIME: 2pm - 3.30pm
		VENUE: Meeting Room 5.1, Level 5 School of Economics Singapore Management University 90 Stamford Road Singapore 178903