FOREIGN TRADE AND DOMESTIC COMPETITION
作者:
HOWARD P. MARVEL,
期刊:
Economic Inquiry
(WILEY Available online 1980)
卷期:
Volume 18,
issue 1
页码: 103-122
ISSN:0095-2583
年代: 1980
DOI:10.1111/j.1465-7295.1980.tb00562.x
出版商: Blackwell Publishing Ltd
数据来源: WILEY
摘要:
This paper contains estimates of the determinants of the commodity composition of U. S. trade flows and of price‐cost margins in U. S. domestic manufacturing in a simultaneous context. Above‐competitive profits in U. S. manufacturing appear to provide a powerful incentive to import competition. These imports, in turn, provide a check on the ability of domestic firms to earn monopoly rents. The estimates indicate that failure to account for imports leads to a substantial underestimation of the impact of market structure on price‐cost margins. The linkages between exports and domestic market conditions appear to be of second‐order imp
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