Economics, Econometrics and Finance
5 years ago

European Single Market Abolishment Increases Domestic Firms' Markups by 6%

SSRN Electronic Journal
Structural Gravity and the Gains from Trade under Imperfect Competition: Quantifying the Effects of the European Single Market
Benedikt Heid, Frank Stähler

Paper Summary

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The article explores how trade between countries is affected by both trade costs and market power. By analyzing the European Single Market, the researchers found that abolishing it would lead to higher prices for domestic goods in EU countries. This change in competition would also result in more significant benefits from trade liberalization.