Why Resisting Globalization Can Be Reasonable
A two-agent model of international trade with oligopoly and increasing returns is proposed to address why there have been persistent anti-trade-liberalization movements. It is shown that all of a country's residents lose from trade under certain conditions on the cross-country cost structure.
Volume (Year): 6 (2006)
Issue (Month): 5 ()
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- Murray C. Kemp & Koji Shimomura, 2001.
"Gains From Trade in a Cournot-Nash General Equilibrium,"
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