Kikkawa Ayumu (University of British Columbia, Assistant Professor)
Title: Two-Sided Market Power in Firm-to-Firm Trade
Abstract: This paper develops a theory of bargaining in firm-to-firm trade with two-sided market power. The framework accommodates flexible market structures, yielding analytical expressions for pair-specific markups and pass-through elasticities. In U.S. import data, we estimate strong importer bargaining power and an upward-sloping export supply curve, consistent with oligopsony power. Pass-through of the 2018 tarifs in firm-to-firm relationships is incomplete, in contrast to product-level studies, primarily due to exporter cost reductions driven by falling demand from dominant buyers. Our study highlights how bargaining and network rigidities shape price outcomes, with implications for markup dispersion and shock propagation in global value chains.
국제무역 분야에서 가장 촉망받는 경제학자 중 한 명인 Kikkawa 교수는 American Economic Review의 R&R 과정 중에 있는 높은 수준의 최신 연구를 학생들에게 소개하며 연구 교류를 진행하였습니다.
11월 22일 대우관 323호에서 경제학과 BK 초청 세미나가 진행되었습니다.
[발표 연사 및 주제]
Title: Two-Sided Market Power in Firm-to-Firm Trade
Abstract: This paper develops a theory of bargaining in firm-to-firm trade with two-sided market power. The framework accommodates flexible market structures, yielding analytical expressions for pair-specific markups and pass-through elasticities. In U.S. import data, we estimate strong importer bargaining power and an upward-sloping export supply curve, consistent with oligopsony power. Pass-through of the 2018 tarifs in firm-to-firm relationships is incomplete, in contrast to product-level studies, primarily due to exporter cost reductions driven by falling demand from dominant buyers. Our study highlights how bargaining and network rigidities shape price outcomes, with implications for markup dispersion and shock propagation in global value chains.
국제무역 분야에서 가장 촉망받는 경제학자 중 한 명인 Kikkawa 교수는 American Economic Review의 R&R 과정 중에 있는 높은 수준의 최신 연구를 학생들에게 소개하며 연구 교류를 진행하였습니다.
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