This paper develops an efficiency theory of contingent trade policies. We model the competition for a domestic market … distributions are asymmetric because the foreign firm incurs a trade cost to serve the domestic market. We show that the foreign …, justifying the use of contingent trade policy on efficiency grounds. Despite an environment of asymmetric information, contingent …

This paper explores the role of pooled-producer, e.g. private label, trade intermediation in shaping the range and … diversity of exports. Direct sales maintain a firm's unique product characteristics (`brand equity'), whereas trade through an … trade variety for volume, firms face greater competition from the new pooled-products, and intermediaries capture much of …

We develop a new model of trade in which educational institutions drive comparative advantage and determine the … support of human capital choices to demonstrate that freer trade can induce crowding out of the middle occupations towards the … gains from trade may be non-monotonic in workers' ability, and middle ability agents can lose the most from trade …

Economists tend to exalt the virtues of free international trade, while politicians are more skeptical. This paper … suggests that this is the case because politicians mainly worry about the income distribution effects of trade liberalization … effects of free trade may be more complicated and hazardous than is often assumed, at least from a comparative static point of …