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Is there a border in online markets?

Yuriy Gorodnichenko, professor of economics | August 30, 2014

Eric Schmidt, a former CEO of Google, said in 2012 that the Web will dissolve national barriers. While we wait to see what is going to be left of national borders in the future, the rising importance of e-commerce can already help economists understand the nature of frictions in international trade. Indeed, online markets have … Continue reading »