Why do similar firms export differently? |
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| Institution: | 1. Department of Economics, Statistics and Finance ‘Giovanni Anania’, University of Calabria, Rende, Italy;2. Department of Economics and Statistics, University of Naples Federico II, Napoli, Italy;1. Department of Economics and Management, Thomas Sankara University, 12 PO Box 417 Ouagadougou 12, Burkina Faso;2. Department of Economic Policies and Internal Taxation, West African Economic and Monetary Union Commission, 01 PO Box 543 Ouagadougou 01, Burkina Faso;1. Faculty of Economics, Ryukoku University, 67 Tsukamoto-cho, Fukakusa, Fuhimi-ku, Kyoto 612-8577, Japan;2. Disaster Prevention Research Institute, Kyoto University, Gokasho, Uji, Kyoto 611-0011, Japan;1. Department of Accounting, Economics, and Finance, Southeast Missouri State University, One University Plaza, Cape Girardeau, MO 63701 USA;2. Professor of Economics & Finance, School of Business, Baldwin Wallace University, 275 Eastland Road, Berea, OH 44017-2088 USA;3. Professor of Economics and Finance, Economics & Finance Department, Middle Tennessee State University, Murfreesboro, TN 37132 USA |
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| Abstract: | Eaton et al. (2011) underline that firms with similar production costs, entry costs and demand export to different countries. In this theoretical article, I provide a rationale for this feature of the data. I demonstrate that similar firms exporting differently can be explained by a baseline trade-off between attractiveness and competition that is present in any model with monopolistic competition. I then show that this trade-off also generates valuable theoretical features including distance-related mark-ups, third country effect and equivalence with random utility models. |
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