Firm-to-Firm Trade

Firm-to-Firm Trade

Samuel Kortum presented a general equilibrium model on product trade through random meetings, which generates predictions for imports, exports, and the share of labor in production at the firm level, as well as firm-to-firm trade and labor’s share of...

Summary

Samuel Kortum presented a general equilibrium model on product trade through random meetings, which generates predictions for imports, exports, and the share of labor in production at the firm level, as well as firm-to-firm trade and labor’s share of output at the aggregate level.