Local Protectionism, Market Structure, and Social Welfare: China's Automobile Market
---- Acknowledgments ----
We thank Matt Backus, Steve Coate, Penny Goldberg, Paul Grieco, Jean-Francois Houde, Ivan Png, Paolo Ramezzana, Fan Ying, and seminar participates at Arizona State University, Cornell University, Cornell-Penn State Econometrics and IO Conference, Federal Trade Commission, HEC Montreal Conference on IO, Indiana University, NBER Chinese Economy Working Group, New York IO Day Conference, Peking University, University of California-Davis, and University of Wisconsin for helpful comments. We acknowledge generous data sharing from Tao Chen, Rui Li, and Xiaobo Zhang. Ke Liu, Binglin Wang and Jingyuan Wang provided 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.