Competition, Markups, and the Gains from International Trade

We thank Fernando Alvarez, Costas Arkolakis, Ariel Burstein, Vasco Carvalho, Andrew Cassey, Arnaud Costinot, Jan De Loecker, Ana Cecilia Fieler, Phil McCalman, Markus Poschke, Andrés Rodríguez- Clare, Barbara Spencer, Ivàn Werning, and seminar participants at UBC, UC Berkeley, Chicago Booth, Deakin, Harvard, MIT, Monash, UNSW, NYU Stern, Princeton, Stanford, Vanderbilt, the 2011 SED annual meeting, NBER Macroeconomics and Productivity meeting, Melbourne Trade Workshop, FRB Philadelphia International Trade Workshop, and the 2012 FIU International Trade Workshop, Barcelona Industry and Labor Market Dynamics Workshop and CIREQ Macroeconomics Conference. We also thank Jiwoon Kim and Fernando Leibovici for their excellent research assistance. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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