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of natural selection are made weaker because trade allows people to specialize in those activities where they are strong …, and to offset their weaknesses by purchasing adequate goods on the market. Absent trade, people must allocate their time … alleles at all locations. Under trade, there exist long-run equilibria where less fit individuals are able to achieve the same …
Persistent link: https://www.econbiz.de/10005761761
This paper investigates short and long-run effects of trade liberalization on employment and wages. Employment and wage …
Persistent link: https://www.econbiz.de/10005762106
This paper derives the conditions under which fitness-reducing alleles can survive in a longrun stationary equilibrium for a trading population, extending the results in Saint-Paul (2002) for arbitrary systems of sexual reproduction.
Persistent link: https://www.econbiz.de/10005703347
In "new" new international trade theory, whether firms export or not are determined by their productivity. These models …
Persistent link: https://www.econbiz.de/10010791522