Why are losses from trade unlikely?
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Bykadorov, I., Gorn, A., Kokovin, S., & Zhelobodko, E. (2015). Why are losses from trade unlikely?. Economics Letters, 129 35-38. https://doi.org/10.1016/j.econlet.2015.02.003
© 2015. Examining a standard monopolistic competition model with unspecified utility/cost functions, we find necessary and sufficient conditions on their elasticities for welfare losses to arise from trade or market expansion. Two numerical examples explain the losses (under unrealistic elasticities).
External DOI: https://doi.org/10.1016/j.econlet.2015.02.003
This record's URL: https://www.repository.cam.ac.uk/handle/1810/294281
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Licence URL: https://creativecommons.org/licenses/by-nc-nd/4.0/