The New Welfare Economics and Gains in International Trade

Robert Baldwin

The Quarterly Journal of Economics, 1952, vol. 66, issue 1, 91-101

Abstract: I. Scitovszky's conclusions, 91. — II. Samuelson's criteria and the utility-possibility function, 92. — III. Increasing costs and a suitable tariff or quota, 93. — IV. Tariffs or quotas, free international trade plus domestic lump-sum taxation, and completely free trade considered in the situation sense, 96. — V. Lifting the assumptions of fixed factors indifferent between their different uses and increasing costs, 97. — VI. The all-or-none discrimination situation, 98. — VII. Summary and qualifications of the welfare analysis, 99.

Date: 1952
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