Karp, Larry S.; Sacheti, Sandeep; Zhao, Jinhua - 2001
resource use and welfare. Autarky is likely to Pareto-dominate free trade in the long run when the environment is quite fragile … under autarky. Alternatively, trade may enable the environmentally richer country to "pull up" its partner; in this case … both countries preserve their stocks when these would be degraded under autarky. These results rationalize the positions of …
