Trade Liberalisation and the Distribution of Welfare Gains under Imperfect Competition

Michael Gasiorek

Annals of Economics and Statistics, 1997, issue 47, 227-244

Abstract: This paper examines the effects on factor prices and welfare of partial trade liberalisation. The model is general equilibrium with two countries, two factors, and three sectors -- perfectly competitive, imperfectly competitive and trading resources. As trade is liberalised changes in factor prices and thus welfare may be non-monotonic even if the countries are identical. Differences across countries introduce Stolper-Samuelson considerations and affect the relative incentives for trade liberalisation across countries and factors.

Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:adr:anecst:y:1997:i:47:p:227-244

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