market power. Two main results are shown. First, in the presence of buyer power trade liberalization may lead to retail … market concentration. Due to this concentration retail prices may be higher and welfare may be lower in free trade than in … autarky, thus reversing the standard effects of trade liberalization. Second, the pro-competitive effects of trade …

We develop a two-country, two-sector model with a continuum of workers to address the link between migration and trade … free trade areas more likely to support full integration than states without free trade? Second, is trade liberalization … more likely to be supported by a simultaneous referendum on trade and migration than in one on trade alone? The key to our …

We develop a heterogeneous-firms model with trade in goods, labor mobility and credit constraints due to moral hazard … trade liberalization. While the former leads to more dispersion of economic activity across space, the latter tends to drive …

(China) and India - in trade, investments and infrastructure development can foster outward-oriented development and economic …