Recognition of the competitiveness of various export commodities is important in the design of industrial policies which shapes a country's structural transformation. The commonly used approach is the Revealed Comparative Advantage (RCA) which was introduced by Balassa in 1965. Over the years,...

This paper uses bilateral data on 420 merchandise trade flows between 21 industrial countries are used to estimate standard trade equations. The data set of over 11,000 observations allows the underlying elasticities to be estimated with considerable precision. Remarkably, a single specification...

In an environment that features second-degree price discrimination, this paper fully characterizes the set of surplus divisions that can arise from all possible information consumers have about their valuation. By extending the techniques developed in a companion paper (Yang, 2019a), I show that...