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The paper first demonstrates that in a simple asymmetric n-country world with Cournot competition, constant returns and linear demand, free trade can reduce world welfare as well as total output and consumer surplus. We then derive precise conditions for free trade to raise a country's welfare,...
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economy is closed and the government chooses its education policy to maximize welfare under autarky. Then the economy trades …
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autarky gains from trade, as well as a recently introduced ANOVA-type structural estimation of the gravity equation to obtain … trade costs free of residual trade cost bias. Between 1995 and 2006, the cost of moving to autarky increased by about 45% on … average. A decomposition exercise suggests most of the increase in autarky gains from trade on average was due to increases in …
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unambiguously worsens open-access NR and welfare under autarky, this need not be the case under trade …
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negative interpretations, such as equating the concept with a strive for autarky, nationalism, and the roll-back of …
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