A UNIFIED ANALYSIS OF TRADE GAINS IN THE PRESENCE OF PUBLIC GOODS

It has long been known that free trade is potentially (after lumpsum compensatory transfers) beneficial for each trading country if the autarkic and post-compensation free-trade equilibria are perfectly competitive, with market distortions limited to non-negative taxes on imports and exports. Howeve...

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Published inJapanese economic review (Oxford, England) Vol. 62; no. 3; pp. 425 - 429
Main Author KEMP, MURRAY C.
Format Journal Article
LanguageEnglish
Published Melbourne, Australia Blackwell Publishing Asia 01.09.2011
Springer Singapore
Japanese Economic Association
Springer Nature B.V
SeriesThe Japanese Economic Review
Subjects
Development Economics
Econometrics
Economic History
Economic models
Economics
F11
F13
Free trade
Gains from trade
H41
International trade
Macroeconomics/Monetary Economics//Financial Economics
Microeconomics
Public good
Public goods
Studies
Trade liberalization
Trade policy
H41
F13
F11
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Summary:It has long been known that free trade is potentially (after lumpsum compensatory transfers) beneficial for each trading country if the autarkic and post-compensation free-trade equilibria are perfectly competitive, with market distortions limited to non-negative taxes on imports and exports. However these conditions are merely sufficient. It can now be shown that, under alternative sufficient conditions, free trade is potentially beneficial to each trading country even in the context of public goods.
Bibliography:istex:AD8F972B9976814820D4C8E64277079B50619D0B
ark:/67375/WNG-DB2RXH4T-V
I am grateful to Geoffrey Fishburn, Ngo Van Long, Binh Tran-Nam and Henry Y. Wan, Jr for their helpful comments on earlier drafts.
ArticleID:JERE542
I am grateful to Geoffrey Fishburn, Ngo Van Long, Binh Tran‐Nam and Henry Y. Wan, Jr for their helpful comments on earlier drafts.
ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 23
ISSN:1352-4739
1468-5876
DOI:10.1111/j.1468-5876.2011.00542.x