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. …

-order efficiency losses that outweigh the budget cost to the government. By contrast, wage subsidies involve much smaller welfare …

This article focuses on analyzing the potential welfare impacts the West African region will experience from reforming … indicate that consumers of nearly all of the commodities analyzed will encounter welfare losses, while almost all producers of … these commodities will experience welfare gains. However, the gains by producers are insufficient to compensate consumers …

other. Nevertheless, we show that the net effect of capital mobility on welfare remains positive. …

)) are not robust to changes in the preference structure. In the Melitz (2003) setting the unambigousness of the welfare … welfare by magnifying market failures. An exact condition for trade liberalization to reduce overall welfare is derived under …

We calculate welfare gains of trade liberalization in the Central and East European transition economies, following the … product varieties is crucial to quantifying the welfare impact of trade liberalization. The empirical work relies on direct … conclusion is that freer trade has boosted welfare. …

equilibrium model of trade under imperfect competition. The focus of the paper is the welfare consequences of reducing trade … barriers and the changes in production and trade flows with the rest of the world. Welfare changes by country are reported and … welfare effects arising from imperfect competition. Intra-EC trade liberalization has pro-competitive effects which make a …

America, estimating their impacts on trade flows and welfare. We combine a gravity model with kernel and bootstrap estimation … framework proposed by Winters (1997) to relate trade effects to their welfare implications. The results indicate that only AFTA … and MERCOSUR have induced positive trade and welfare effects. The remaining RTAs have produced mixed effects for their …