This paper provides a theory and evidence for why firms with higher markups extend more trade credit, focusing on a financing cost channel that is distinct from existing competition-based …
PublishedQuarterly Journal of EconomicsOnline 13 Aug 2025Published Oct 2025
Errico and Lashkari address two intertwined problems in the measurement of aggregate price indices: how to account for quality change and variety entry/exit when the demand system is not CES, and how …
PublishedAmerican Economic ReviewOnline 1 Feb 2026Published Feb 2026
Do import tariffs affect consumer credit terms, and does focusing solely on goods prices understate tariff pass-through to consumers? The paper also asks whether vertical integration -- specifically, …
PublishedAmerican Economic ReviewOnline 1 Nov 2025Published Nov 2025
This paper asks whether differences in labor market regulations — specifically payroll taxes and minimum wages — shape countries' comparative advantage in the cross-border provision of labor-intensive …
Eaton and Fieler seek to reconcile two literatures that have advanced in parallel but remained at odds: (i) general equilibrium models of bilateral trade flows (the "gravity" tradition) and (ii) …