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DESCRIPTION:Kunal Dasgupta University of Toronto Quality Uncertainty and In
 termediation in International Trade Authors: Kunal Dasgupta and Jordi Mond
 ria In this paper\, the authors examine how the exporting decision and qua
 lity choice of producers are affected in the presence of quality uncertain
 ty. They develop a dynamic\, two-country model where a foreign consumer le
 arns the quality of a home product only after he has consumed it. As a res
 ult\, home exporters need to establish reputation about their product in t
 he foreign market. In equilibrium\, firm-specific fixed exporting cost ari
 ses endogenously\; it consists of (i) the cost of establishing reputation 
 in the export market and (ii) the opportunity cost of exporting due to the
  choice of sub-optimal quality in the home market. The model generates a n
 on-monotonic relationship between firm size and export status\, and is con
 sistent with the presence of many small exporters and observed export dyna
 mics. The authors use the model to analyze the impact of trade intermediar
 ies. By using intermediaries\, exporters can avoid the reputation cost in 
 lieu of a higher per unit cost. The authors show that the effect of interm
 ediaries on the choice of quality and price is much more nuanced compared 
 to what a model with an exogenous intermediation technology would suggest.
DTEND:20111107T220000Z
DTSTAMP:20260308T032317Z
DTSTART:20111107T210000Z
LOCATION:
SEQUENCE:0
SUMMARY:Trade Development and Political Economy presents: Kunal Dasgupta
UID:RFCALITEM639085189971292710
X-ALT-DESC;FMTTYPE=text/html:Kunal Dasgupta University of Toronto Quality U
 ncertainty and Intermediation in International Trade Authors: Kunal Dasgup
 ta and Jordi Mondria In this paper\, the authors examine how the exporting
  decision and quality choice of producers are affected in the presence of 
 quality uncertainty. They develop a dynamic\, two-country model where a fo
 reign consumer learns the quality of a home product only after he has cons
 umed it. As a result\, home exporters need to establish reputation about t
 heir product in the foreign market. In equilibrium\, firm-specific fixed e
 xporting cost arises endogenously\; it consists of (i) the cost of establi
 shing reputation in the export market and (ii) the opportunity cost of exp
 orting due to the choice of sub-optimal quality in the home market. The mo
 del generates a non-monotonic relationship between firm size and export st
 atus\, and is consistent with the presence of many small exporters and obs
 erved export dynamics. The authors use the model to analyze the impact of 
 trade intermediaries. By using intermediaries\, exporters can avoid the re
 putation cost in lieu of a higher per unit cost. The authors show that the
  effect of intermediaries on the choice of quality and price is much more 
 nuanced compared to what a model with an exogenous intermediation technolo
 gy would suggest.
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