technology that integrates two economies by merging separate social spheres into one. We define a 'trembling trade' as a … reduced. We show that a 'trembling trade' can arise even when trade is more gainful in four ways: through trade the absolute …Acknowledging that individuals dislike having low relative income renders trade less attractive when seen as a …

technology that integrates two economies by merging separate social spheres into one. We define a "trembling trade" as a … reduced. We show that a "trembling trade" can arise even when trade is more gainful in four ways: through trade the absolute …Acknowledging that individuals dislike having low relative income renders trade less attractive when seen as a …

technology that integrates two economies by merging separate social spheres into one. We define a "trembling trade" as a … reduced. We show that a "trembling trade" can arise even when trade is more gainful in four ways: through trade the absolute …Acknowledging that individuals dislike having low relative income renders trade less attractive when seen as a …

technology that integrates economies by merging separate social spheres into one. We define a “trembling trade” as a situation in … constructive example reveals that a “trembling trade” can arise even when trade is doubly gainful in that it increases the income …Acknowledging individuals’ distaste for low relative income renders trade less appealing when trade is viewed as a …

technology that integrates economies by merging separate social spheres into one. We define a "trembling trade" as a situation in … constructive example reveals that a "trembling trade" can arise even when trade is doubly gainful in that it increases the income …Acknowledging individuals' distaste for low relative income renders trade less appealing when trade is viewed as a …

This chapter discusses whether and how 'new quantitative trade models' (NQTMs) can be fruitfully applied to quantify … the welfare effects of trade liberalization, thus shedding light on the trade-related effects of further European … integration. On the one hand, it argues that NQTMs have indeed the potential of being used to supplement traditional 'computable …

How does intranational factor mobility shape the welfare effects of a trade shock? I provide evidence that during WWI … aggregate gains of trade formula to take domestic reallocation into account more than triples the estimated welfare effects. …