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 …

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 …

This paper introduces a model of limited consumer attention into an otherwise standard new trade theory model with love …-of-variety preferences and heterogeneous firms. In this setting, we show that trade liberalization needs not be welfare enhancing if the …, neither a fall in transport costs nor advancements in the global distribution of information need generate gains from trade in …

We estimate the variety gains of trade in Estonia, Latvia and Lithuania following the fall of the iron curtain more … Lugovskyy (2010) and Soderbery (2015) to domestic and international trade data for the period 1988-1997. Although, there was a …