Publications

Working Paper Working paper

The Spatial Distribution of Markups

(coming soon) · with J. Becker, C. Edmond, and V. Midrigan

Strategic Avoidance and the Welfare Impacts of U.S. Solar Panel Tariffs

Nov 2025 · with T. Gerarden, B. Bollinger, and K. Gillingham

Who Pays for Tariffs Along the Supply Chain

Oct 2025 · with A. Flaaen, A. Hortaçsu, F. Tintelnot, and N. Urdaneta

Market Congestion and Information Frictions on Global E-Commerce Platforms

Aug 2025 · 2nd R&R at ReStat · with J. Bai, M. Chen, J. Liu, and X. Mu

Two-Sided Search in International Markets

May 2025 · 2nd R&R at Journal of Political Economy · with J. Eaton, D. Jinkins, and J. Tybout

The Societal Impacts of the Legal Profession: Evidence from Commercial Disputes in China

May 2025 · with Z. Liu, W. Peng, and S. Wang

The Geographic Leakages of Environmental Regulations: Evidence from the Clean Air Act

March 2025 · with M. Curtis, W. Miao, F. Soliman, and J.C. Suárez Serrato

Firm Selection and Growth in Carbon Offset Markets: Evidence from the Clean Development Mechanism in China

March 2025 · R&R at American Economic Review · with Q. Chen and N. Ryan

When Food Gets Political: How Does News Drive Green Food Offerings

March 2025 · R&R at Marketing Science · with B. Xu and T. Guo

2025 Journal articles

Regulating Conglomerates: Evidence from an Energy Conservation Program in China

American Economic Review (Feb 2025) · with Q. Chen, Z. Chen, Z. Liu, and J.C. Suárez Serrato

The Role of Industrial Policy in the Renewable Energy Sector

Environmental & Energy Policy and the Economy (2025) · with T. Gerarden and M. Reguant

2024 Journal article

O-Ring Production Networks

Journal of Political Economy (Jan 2024) · with B. Demir, A. Fieler, and K. Yang

2023 Journal articles

How Costly Are Markups

Journal of Political Economy (July 2023) · with C. Edmond and V. Midrigan

Tax Policy and Lumpy Investment: Evidence from China VAT Reform

Review of Economic Studies (Mar 2023) · with Z. Chen, X. Jiang, Z. Liu, and J.C. Suárez Serrato

A Structural Empirical Model of R&D Investment, Firm Heterogeneity, and Industry Evolution

Journal of Industrial Economics (June 2023) · with Y. Chen

2021 Journal + P&P

Notching R&D Investment with Corporate Income Tax Cuts in China

American Economic Review (July 2021) · with Z. Chen, Z. Liu, and J.C. Suárez Serrato

Industrial Energy Regulation: The Role of Business Conglomerates in China

American Economic Review, Papers & Proceedings (May 2021) · with Q. Chen, Z. Chen, Z. Liu, and J.C. Suárez Serrato

2020 Journal article

The Structure of Business Taxation in China

Tax Policy and the Economy (Oct 2020) · with Z. Chen, Y. He, Z. Liu, and J.C. Suárez Serrato

2019 Journal article

Understanding the Social Learning Effect in Contagious Switching Behavior

Management Science (July 2019) · with M. Hu and S. Yang

2018 Journal articles

The Role of Firm Factors in Demand, Cost, and Export Market Selection for Chinese Footwear Producers

Review of Economic Studies (Oct 2018) · with M. Roberts, X. Fan, and S. Zhang

Trade, Quality Upgrading, and Input Linkages: A Theory with Evidence from Colombia

American Economic Review (Jan 2018) · with A. Fieler and M. Eslava

Competitors, Complementors, Parents and Places: Explaining Regional Agglomeration in the U.S. Auto Industry

Review of Economic Dynamics (Oct 2018) · with L. Cabral and Z. Wang

2015 Journal + P&P

Competition, Markups, and the Gains from International Trade

American Economic Review (Oct 2015) · with C. Edmond and V. Midrigan

Indirect Input Linkages

American Economic Review, Papers & Proceedings (May 2015) · with M. Eslava and A. Fieler

2014 Journal article

Finance and Misallocation: Evidence from Plant-level Data

American Economic Review (Feb 2014) · with V. Midrigan

2013 Journal article + book chapter

Entry, Exit, and The Determinants of Market Structure

Rand Journal of Economics (Fall 2013) · with T. Dunne, S. Klimek, and M. Roberts

The Dynamics of Market Structure and Market Size in Two Health Service Industries

In Producer Dynamics (2007) · with T. Dunne, S. Klimek, and M. Roberts

2011 Journal articles

R&D Investment, Exporting, and Productivity Dynamics

American Economic Review (June 2011) · with B.Y. Aw and M. Roberts

Entrepreneurship and the Extensive Margin in Export Growth

World Bank Economic Review (July 2011) · with D. Lederman and A. Rodriguez-Clare

2008 Journal + P&P

R&D Investment, Export, and the Evolution of Firm Productivity

American Economic Review, Papers & Proceedings (May 2008) · with B.Y. Aw and M. Roberts

Macroeconomic Implications of Size-Dependent Policies

Review of Economic Dynamics (Oct 2008) · with N. Guner and G. Ventura

2006 Journal article

How Costly are Restrictions on Size

Japan and the World Economy (2006) · with N. Guner and G. Ventura