Superstar exporters:An empirical investigation of strategic interactions in Danish export markets
| Autor: | Ina C. Jäkel, Federico Ciliberto |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2021 |
| Předmět: |
Counterfactual thinking
Commercial policy Economics and Econometrics Discrete choice Strategic interaction Multiple equilibria 05 social sciences Tariff Monetary economics language.human_language Product (business) Danish Export participation Complete information 0502 economics and business language Economics Trade policy 050207 economics Superstar Finance 050205 econometrics |
| Zdroj: | Ciliberto, F & Jäkel, I C 2021, ' Superstar exporters : An empirical investigation of strategic interactions in Danish export markets ', Journal of International Economics, vol. 129, 103405 . https://doi.org/10.1016/j.jinteco.2020.103405 |
| DOI: | 10.1016/j.jinteco.2020.103405 |
| Popis: | In many countries, exports are highly concentrated among a few “superstar” firms. We estimate the export decisions of superstar firms as the result of a complete information, simultaneous, discrete choice, static entry game. We employ a dataset on the universe of Danish trade transactions by firm, product and destination. We also obtain detailed information on applied, preferential tariff protection from the MAcMap-HS6 database. We find evidence of strong negative competitive effects of entry: in the absence of strategic competitive effects, firms would be 53.2 percentage points more likely to export to a given market. Next, we run two counterfactual exercises. We show that failing to account for the strategic interaction among superstar exporters leads to: (i) overstating the probability that firms would start exporting to a market following tariff elimination by a factor of two; and, (ii) overstating the probability that firms would stop exporting to a market if tariffs were imposed by a factor of more than five. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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