The market structures in trade intermediation with heterogeneous manufacturing firms

被引:2
|
作者
Chen, Yi-Fan [1 ]
Peng, Shin-Kun [2 ]
Tsai, Tsung-Sheng [3 ]
机构
[1] Singapore Management Univ, Sch Econ, Singapore, Singapore
[2] Natl Taiwan Univ, Acad Sinica, Inst Econ, Dept Econ, Taipei, Taiwan
[3] Natl Taiwan Univ, Dept Econ, 1,Sec 4,Roosevelt Rd, Taipei 106, Taiwan
关键词
Trade intermediation; Indirect exporting; Market structures; Firm heterogeneity; WHOLESALERS;
D O I
10.1016/j.iref.2021.04.013
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
This paper examines how the market structure in the intermediary sector is determined, and how it affects the production decision, the export mode and the market structure in the manufacturing sector, as well as the aggregate price and the welfare in the economy. The intermediary market structure depends on the intermediary firms' entry cost and intermediation cost, and a monopolistic intermediary sector emerges when both the entry cost and the intermediation cost are moderate. Compared to the competitive case, a monopolistic intermediary firm can charge a higher service fee and earn a positive rent, which yields a higher nominal income and expands the market size facing the manufacturers; however, it also lowers the average productivity of the surviving manufacturers. A monopolistic intermediary sector can generate a higher welfare if the positive effect brought by the higher nominal income dominates the negative effect resulting from the lower average productivity in the manufacturing sector.
引用
收藏
页码:501 / 523
页数:23
相关论文
共 50 条
  • [1] Market Efficiency, Heterogeneous Trade Costs and Export-Only Firms
    Qiu, Bin
    Yan, Zhijun
    [J]. PACIFIC ECONOMIC REVIEW, 2017, 22 (01) : 101 - 122
  • [2] Trade Liberalization with Heterogeneous Firms
    Baldwin, Richard E.
    Forslid, Rikard
    [J]. REVIEW OF DEVELOPMENT ECONOMICS, 2010, 14 (02) : 161 - 176
  • [3] Trade and prices with heterogeneous firms
    Johnson, Robert C.
    [J]. JOURNAL OF INTERNATIONAL ECONOMICS, 2012, 86 (01) : 43 - 56
  • [4] Temporary trade and heterogeneous firms
    Bekes, Gabor
    Murakoezy, Balazs
    [J]. JOURNAL OF INTERNATIONAL ECONOMICS, 2012, 87 (02) : 232 - 246
  • [5] Innovation and trade with heterogeneous firms
    Ngo Van Long
    Raff, Horst
    Staehler, Frank
    [J]. JOURNAL OF INTERNATIONAL ECONOMICS, 2011, 84 (02) : 149 - 159
  • [6] Heterogeneous Firms, Quality, and Trade
    Antoniades, Alexis
    [J]. JOURNAL OF INTERNATIONAL ECONOMICS, 2015, 95 (02) : 263 - 273
  • [7] Theories of Heterogeneous Firms and Trade
    Redding, Stephen J.
    [J]. ANNUAL REVIEW OF ECONOMICS, VOL 3, 2011, 3 : 77 - 105
  • [8] Trade and growth with heterogeneous firms
    Baldwin, Richard E.
    Robert-Nicoud, Frederic
    [J]. JOURNAL OF INTERNATIONAL ECONOMICS, 2008, 74 (01) : 21 - 34
  • [9] Trade flow dynamics with heterogeneous firms
    Ghironi, Fabio
    Melitz, Marc J.
    [J]. AMERICAN ECONOMIC REVIEW, 2007, 97 (02): : 356 - 361
  • [10] Heterogeneous firms, trade liberalization and agglomeration
    Saito, Hisamitsu
    Gopinath, Munisamy
    Wu, JunJie
    [J]. CANADIAN JOURNAL OF ECONOMICS-REVUE CANADIENNE D ECONOMIQUE, 2011, 44 (02): : 541 - 560