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DESCRIPTION:&nbsp\;Bernardo Blum University of Toronto The Nature of Trade 
 Costs: Theory and Evidence In this paper we use a new data set of matched 
 importer-exporter transactions for Chile and Colombia to document basic ch
 aracteristics of the ways that trade is intermediated. We find that\, in v
 irtually every Chilean exporter-Colombian importer pair\, at least one of 
 the parties is a large international trader. Also\, more than half of the 
 Chilean exporters sell to only 1 Colombian importer. These exporters sell 
 smaller amounts and fewer HS codes to Colombia and to the world but sell l
 arge amounts and more HS codes per importer. Also\, they sell to importers
  that purchase larger amounts and more HS codes. Based on these characteri
 stics\, we develop a model of trade in which firms have access to multiple
  distribution technologies and choose a mode of distribution as part of th
 e equilibrium. We show that a two- distribution technology model can captu
 re the basic features of the data. Using this model\, we explore the ways 
 that changes in the trading environment\, including trade reforms\, impact
  trade costs and trading activity. Finally\, we provide evidence in suppor
 t of the models predictions. 
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SUMMARY:Trade\, Development\, and Political Economy presents: Bernardo Blum
UID:RFCALITEM639142676515535525
X-ALT-DESC;FMTTYPE=text/html:&nbsp\;Bernardo Blum University of Toronto The
  Nature of Trade Costs: Theory and Evidence In this paper we use a new dat
 a set of matched importer-exporter transactions for Chile and Colombia to 
 document basic characteristics of the ways that trade is intermediated. We
  find that\, in virtually every Chilean exporter-Colombian importer pair\,
  at least one of the parties is a large international trader. Also\, more 
 than half of the Chilean exporters sell to only 1 Colombian importer. Thes
 e exporters sell smaller amounts and fewer HS codes to Colombia and to the
  world but sell large amounts and more HS codes per importer. Also\, they 
 sell to importers that purchase larger amounts and more HS codes. Based on
  these characteristics\, we develop a model of trade in which firms have a
 ccess to multiple distribution technologies and choose a mode of distribut
 ion as part of the equilibrium. We show that a two- distribution technolog
 y model can capture the basic features of the data. Using this model\, we 
 explore the ways that changes in the trading environment\, including trade
  reforms\, impact trade costs and trading activity. Finally\, we provide e
 vidence in support of the models predictions. 
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