both growth and welfare. Growth may increase or decrease, depending upon which sector is promoted by the trade policy. But … an increase in the growth rate is neither necessary nor sufficient for a trade policy to improve welfare. Finally, we …

both growth and welfare. Growth may increase or decrease, depending upon which sector is promoted by the trade policy. But … an increase in the growth rate is neither necessary nor sufficient for a trade policy to improve welfare. Finally, we …

The authors develop a framework for studying trade in horizontally and vertically differentiated products. In their … of trade and trade policy for different income groups in an economy …

The authors develop a framework for studying trade in horizontally and vertically differentiated products. In their … of trade and trade policy for different income groups in an economy …

We develop a framework for studying trade in vertically and horizontally differentiated products. In our model … model to study the pattern of trade between countries that differ in size and income distributions but are otherwise … identical. Trade―which is driven primarily by demand factors―derives from "home market effects" in the presence of transport …