This paper examines if international trade can reduce total welfare in an international oligopoly with differentiated goods. We show that welfare is a U-shaped function in the transport cost as long as trade occurs in equilibrium. With a Cournot duopoly trade can reduce welfare compared to...

This paper analyses the current state of participation of India in the international production networks (IPNs) of manufacturing industries in Asia, and identifies the constraints and challenges for India's deeper participation in the near future. Using the disaggregated 5 digit SITC (Rev 3)...