We derive a simple equation for the welfare gains from trade when tariffs are liberalized or iceberg trade costs fall …. Covering various one-sector trade models that may or may not feature extensive margins and imperfect competition, we generalize …. We show analytically that an analysis based on iceberg costs necessarily underestimates the welfare gains from trade …

We measure the "new" gains from trade reaped by Canada as a result of the Canada-US Free Trade Agreement (CUSFTA). We … think of the "new" gains from trade of a country as all welfare effects pertaining to changes in the set of firms serving … that country as emphasized in the so-called "new" trade literature. To this end, we first develop an exact decomposition of …

In this paper we propose a theoretical model of international trade that shows the welfare gains from trade are much …-industry multi-country trade model, and show that the complementarity of the intermediates goods results in much larger welfare gains … than the current literature measures, using the same trade data. Also, similar to Ossa2015, we show that the variation of …

What has been the overall global welfare impact of the accession to the World Trade Organization of a large country … simple user-friendly formula to calculate the global welfare impact of the simultaneous trade liberalization of a number of … countries? How sensitive is the answer to the assumption of the trade model? We find a striking answer to these questions. We …

this paper, we examine how international trade regimes affect the costs of conflict and, in turn, how the desirability of … international trade is affected by these costs. We consider both domestic and international conflict. Trade openness reduces the …. For countries that export such goods, trade openness intensifies conflict. The effect of conflict on the allocation of …

We show in a multi-sector, heterogeneous-firm trade model that the effect of tariffs on entry, especially in the …, and apply it to a 189-country, 15-sector version of our model, to quantify the trade, entry, and welfare effects of trade … Developing countries; that slightly more than three-quarters of the total gains from trade are a consequence of the reductions in …