Allocative Efficiency, Mark-ups, and the Welfare Gains from Trade
This paper develops an index of allocative efficiency that depends upon the distribution of mark-ups across goods and is separable from an index of standard Ricardian gains from trade. It determines how changes in trade frictions affect allocative efficiency in an oligopoly model of international tr...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2013
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soe_research/1532 https://ink.library.smu.edu.sg/context/soe_research/article/2531/viewcontent/w19273.pdf |
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| Institution: | Singapore Management University |
| Language: | English |