Entrepôt: Hubs, Scale, and Trade Costs

We thank Treb Allen, Costas Arkolakis, Panle Jia Barwick, Bruce Blonigen, Johannes Boehm, Mark Colas, Kerem Co¸sar, Anca Cristea, Meredith Crowley, Carsten Eckel, Stefania Garetto, Matthew Grant, Keith Head, Reka Juhasz, Myrto Kalouptsidi, Steve Matusz, Ezra Oberfield, Nina Pavcnik, Andrés Rodríguez-Clare, Robert Staiger, Meredith Startz, and seminar participants at Stanford University, Princeton University, University of Michigan, University of Virginia, Boston College, the Federal Reserve Board, Ludwig-Maximilians-Universität Munich, Indiana University, University of Michigan, University of Notre Dame, Syracuse University, University of Cambridge, University of Mannheim, and University of Warwick as well as participants at the NBER Conference on Cities, Labor Markets, and the Global Economy, 2019 Mid-Atlantic International Trade Workshop (Duke), 2020 CeMENT Mentoring Workshop, 20th Annual Nordic International Trade Seminars, 2021 NBER Summer Institute and other conferences for helpful comments. Andrew Castro, Ray McCormick, Giacomo Romanini, and Philip Valtadoros provided outstanding 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.

• data appendix

• July 8, 2021
• March 8, 2022