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

• Published in: Japanese economic review (Oxford, England) Vol. 62; no. 3; pp. 425 - 429
• Main Author: KEMP, MURRAY C.
• Format: Journal Article
• Language: English
• Published: Melbourne, Australia Blackwell Publishing Asia 01.09.2011; Springer Singapore; Japanese Economic Association; Springer Nature B.V
• Series: The 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

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...