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equilibrium model of trade under imperfect competition. The focus of the paper is the welfare consequences of reducing trade … barriers and the changes in production and trade flows with the rest of the world. Welfare changes by country are reported and … welfare effects arising from imperfect competition. Intra-EC trade liberalization has pro-competitive effects which make a …
Persistent link: https://www.econbiz.de/10005504484
Quantifications of gains from trade in heterogeneous firm models assume that productivity is Pareto distributed. Replacing this assumption with log-normal heterogeneity retains some useful Pareto features, while providing a substantially better fit to sales distributions—especially in the left...
Persistent link: https://www.econbiz.de/10011083251
After some decades of relative oblivion, the interest in the optimality properties of monopolistic competition has recently re-emerged due to the availability of an appropriate and parsimonious framework to deal with firm heterogeneity. Within this framework we show that non-separable utility,...
Persistent link: https://www.econbiz.de/10011083607
accession. We also estimate a welfare gain of removing this TPU for U.S. consumers and find it is of similar magnitude to the U …
Persistent link: https://www.econbiz.de/10011083973
terms of the quality of public goods are made done by a central planner. More specifically, he asks the question of whether …. Through a comparison of social welfare given the strategies chosen by local governments, the author shows that whatever the …
Persistent link: https://www.econbiz.de/10010256300
terms of the quality of public goods are made done by a central planner. More specifically, he asks the question of whether …. Through a comparison of social welfare given the strategies chosen by local governments, the author shows that whatever the …
Persistent link: https://www.econbiz.de/10010954803
This Handbook entry presents a conceptual, normative overview of the subject of taxation. It emphasizes the relationships among the main functions of taxation—notably, raising revenue, redistributing income, and correcting externalities—and the mapping between these functions and various...
Persistent link: https://www.econbiz.de/10014023506
Persistent link: https://www.econbiz.de/10012502111
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