US buyers didn't pay the full 2018–19 US tariff burden. Adjusting for lost scale economies drops pass-through to 60 percent with foreign exporters absorbing over half the cost, from Sharat Ganapati and Colin J. Hottman www.nber.org/papers/w34901

New Paper Alert! 📢 "Did Foreigners Pay America’s Tariffs? Quantity Discounts, Scale Economies and Incomplete Pass-Through" 💰 ✍️ @sganapati.com Colin Hottman For further insights, see the latest CESifo Working Paper. 🔗 www.ifo.de/en/cesifo/pu...

Yeah. Americans didn’t pay all of Trump’s 2018 tariffs. Foreigners paid half. You got to look at the transactions data and remember classic supply and demand to see why. www.nber.org/papers/w34901

Yay it is out! Not only do supply chains matter, but their exact geographic routing matters. Ports and trade routes are still very important for economic outcomes.

I'm a trade economist. It isn't surprising that taxes bite and matter. Especially taxes like tariffs. The questions all simply were a question of when and how much?

I have great timing for the first time in my career. I have a new paper on tariffs and incidence that shows how the pricing structure of firms with market power all international markets magnifies a tariff's impacts.

Yes, Canada is tied intrinsically to the US. But I do find it funny that it is still cheaper to ship a container to Montreal from Germany trucking it from Indiana.

I'm proud of my institution.

I wonder what happened next.

!!!!!

IT IS OFFICIAL! MY JOB MARKET PAPER IS IN PRINT!!!! TL/DR: Superstar firms have used globalization to grow bigger, leveraging economies of scale. Their marginal costs have fallen, but little has passed through to customers as markups have risen. www.sganapati.com/files/Ganapa...

I have discovered the best use for chatGPT. Converting excel tables into latex tables. Latex table creation is a pox on society.

One benefit of not being a high-enough profile professor. I barely get any of these requests. Like serious, are people getting spammed with these requests?

One underrated point. Most of us social scientists SUCK at coding. Myself included. My code is crap. My co-authors' code is crap. Every replication I've come across has crap code. Most of us are not qualified to check our code. Confession. Even my mom makes fun of my coding (she writes compilers)

Wait does every economist use overleaf for everything? Without backup?

I finally received the final proofs for my job market paper! It took 8 years from the first draft. Got a post-doc, a job, a kid, bought a house, remote taught for a year, and went up for tenure. Also the publication process is a tad broken. The results are almost identical as the first draft.

MY FIRST (primary) PHD STUDENT JUST GOT HIS FIRST TENURE TRACK INTERVIEW REQUEST AND I'M SO PUMPED! IT IS ALSO AT A FANTASTIC INSTITUTION! He can do it! I'm also as excited as I was 7 years ago when this happened to me!

Some exciting announcements re #IIOC2025, May 2-4 @ Drexel in Philly. The Distinguished Fellow Award will go to Chad Syverson; he will deliver the keynote. Shane Greenstein will receive the Distinguished Service Award. There will be two plenaries.

Folks, I think I'm a bit underpaid

Hi #econsky!

I'm in The Economist this week talking the complex interplay between big business, productivity, and economic performance. Essentially, monopoly is not good, but the monopolists are also the most productive firms in the economy. A world of natural monopolies. www.economist.com/special-repo...