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Trade and welfare: Does industrial organization matter?

  • Balistreri, Edward J.
  • Hillberry, Russell H.
  • Rutherford, Thomas F.

Recent analysis across several trade theories suggests that, given appropriate calibration, trade and welfare are insensitive to the particular industrial organization. We show that industrial organization does matter, once we consider a second sector that competes for factor services.

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Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 109 (2010)
Issue (Month): 2 (November)
Pages: 85-87

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Handle: RePEc:eee:ecolet:v:109:y:2010:i:2:p:85-87
Contact details of provider: Web page: http://www.elsevier.com/locate/ecolet

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