Allocative Efficiency, Mark-ups, and the Welfare Gains from Trade

• المؤلفون الرئيسيون: HOLMES, Thomas J., HSU, Wen-Tai, LEE, Sanghoon
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2014
• الموضوعات: Allocative efficiency; Mark-ups; Oligopoly; Economics; International Economics
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/soe_research/1643; https://ink.library.smu.edu.sg/context/soe_research/article/2642/viewcontent/AllocativeEfficiencyMark_ups_2013_sv.pdf

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...