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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- Shy, Oz, 1988. "A general equilibrium model of pareto inferior trade," Journal of International Economics, Elsevier, vol. 25(1-2), pages 143-154, August.
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Springer, vol. 6(2), pages 283-303, July.
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The Warwick Economics Research Paper Series (TWERPS)
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- Murray C. Kemp & Koji Shimomura, 1996. "Gains from Trade in a Cournot-Nash General Equibrium," Discussion Paper Series 66, Research Institute for Economics & Business Administration, Kobe University, revised Jan 1998.
- Kenji Fujiwara, 2005. "Unilateral and Multilateral Gains from Trade in International Oligopoly," The Economic Record, The Economic Society of Australia, vol. 81(255), pages 404-413, December.
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