. When regions weigh workers' and capitalists' welfare equally, the core region will set its subsidy low enough that the … industry re- locates to the larger region, restoring an efficient allocation. When workers' welfare is weighted more heavily …

, regional policy, optimal agglomeration, welfare …

, and global supply chains. We focus on their effects on welfare, trade, industrial organization, and labor markets and with …

suffer. More than the loss in trade, China will experience substantial welfare loss due to all of allocative inefficiency …, worsening terms of trade and endowment effect. Of these, worsening terms of trade explain the largest part of welfare loss to … the country. With the withdrawal of the USA from the deal, China's trade with the region and its welfare is likely to …

would affect the overall growth and welfare of each of the TPP-ASEAN countries. For this purpose, the study separately … input-augmenting technological change. Results of the study show that all of the TPP-ASEAN members enjoy a welfare gain and …

also implies that there may exist a positive bilateral tariff that maximizes national and world welfare. Applying one of … that are heterogeneous across firms, we find that the reciprocal reduction of small tariffs reduces welfare. …

is welfare improving for the foreign country, but welfare declining for the domestic country. If only multinational firms … are competitive, the impact on market structure and the welfare of the domestic country is indeterminate, whereas the … welfare of the foreign country improves. By contrast, if the oligopolistic industry is located in both countries, then FDI …