In this paper, we try to evaluate the change in welfare gains and their distribution due to trade liberalization when imperfect information is considered. The results of two versions of a computable general equilibrium (CGE) model, using GTAP database and representing goods as well as capital...

[eng] Price volatility and protectionism are main features of the world sugar market The assumptions, results and limits of two models of the world sugar market are analyzed. Taking into account the consequences of price volatility on agents decision making may radically change expected results...