scholarly journals Love of Variety and Gains from Trade

2021 ◽  
Author(s):  
Christophe Benoit Gouel ◽  
Sébastien Jean
Keyword(s):  
Gains From Trade ◽  
Love Of Variety

scholarly journals Gains from Trade when Firms Matter

2012 ◽  
Vol 26 (2) ◽  
pp. 91-118 ◽  
Author(s):  
Marc J Melitz ◽  
Daniel Trefler
Keyword(s):  
Iron Ore ◽  
Allocative Efficiency ◽  
The United States ◽  
Productive Efficiency ◽  
Gains From Trade ◽  
Efficiency Gains ◽  
Industry Trade ◽  
The Past ◽  
The World ◽  
Love Of Variety

The rising prominence of intra-industry trade and huge multinationals has transformed the way economists think about the gains from trade. In the past, we focused on gains that stemmed either from endowment differences (wheat for iron ore) or inter-industry comparative advantage (David Ricardo's classic example of cloth for port). Today, we focus on three sources of gains from trade: 1) love-of-variety gains associated with intra-industry trade; 2) allocative efficiency gains associated with shifting labor and capital out of small, less-productive firms and into large, more-productive firms; and 3) productive efficiency gains associated with trade-induced innovation. This paper reviews these three sources of gains from trade both theoretically and empirically. Our empirical evidence will be centered on the experience of Canada following its closer economic integration in 1989 with the United States—the largest example of bilateral intra-industry trade in the world—but we will also describe evidence for other countries.

Exports to Jobs: Boosting the Gains from Trade in South Asia

2019 ◽  
Author(s):  
Erhan Artuc ◽  
Gladys Lopez-Acevedo ◽  
Raymond Robertson ◽  
Daniel Samaan
Keyword(s):  
South Asia ◽  
Gains From Trade

Stare Decisis and Judicial Log-Rolls: A Gains-from-Trade Model

2017 ◽  
Author(s):  
Charles M. Cameron ◽  
Lewis A. Kornhauser ◽  
Giri Parameswaran
Keyword(s):  
Gains From Trade ◽  
Stare Decisis ◽  
Trade Model

Legal Environment and Contractual Choice

2021 ◽  
Vol 0 (0) ◽  
Author(s):  
Ho Cheung Cheng
Keyword(s):  
Optimal Contract ◽  
Legal Environment ◽  
Gains From Trade ◽  
Legal Systems ◽  
Ex Post ◽  
Ex Ante ◽  
Contractual Choice

Abstract This paper considers contractual choice under imperfect legal systems, in particular, contracts with different timing of payment. Ex-ante payment contracts are risky for the buyer, because the seller may shirk. Ex-post payment contracts are risky for the seller, as the buyer may default. Optimal contract is solved for any given legal environment. Exchanges with lower gains from trade tend to adopt ex-post payment contracts. The seller is a better proposer than the buyer in terms of the efficiency of the proposed contract. Surprisingly, offering ex-ante payment contracts is not strictly better for the seller under any legal environment. Moreover, mixed payment contracts are also analyzed and shown to never be optimal.

Weight Gains from Trade in Foods: Evidence from Mexico

2019 ◽  
Author(s):  
Osea Giuntella ◽  
Matthias Rieger ◽  
Lorenzo Rotunno
Keyword(s):  
Gains From Trade ◽  
Weight Gains

The First Globalization Debate: Crusoe vs. Gulliver

2011 ◽  
pp. 107-125
Author(s):  
Craufurd D. Goodwin
Keyword(s):  
Science Fiction ◽  
Common Sense ◽  
World Economy ◽  
Daniel Defoe ◽  
Jonathan Swift ◽  
Gains From Trade ◽  
Robinson Crusoe ◽  
Adventure Story ◽  
Gulliver's Travels

Two of the earliest novels in English, Robinson Crusoe (1719) by Daniel Defoe and Gulliver's Travels (1726) by Jonathan Swift, are widely perceived as an entertaining adventure story and a pioneering work of science fiction. Viewed by modern economists, however, they appear as expressions of opposing positions on the desirability of integration within a world economy. Crusoe demonstrated the gains from trade and colonization and the attendant social and political benefits. By contrast, Swift warned of complex entanglements that would arise from globalization, especially with foreign leaders who operated from theory and models rather than common sense.

scholarly journals Productivity and Firm Selection: Quantifying the 'New' Gains from Trade

2011 ◽  
Author(s):  
Gregory Corcos ◽  
Massimo Del Gatto ◽  
Giordiano Mion ◽  
Gianmarco I.P. Ottaviano
Keyword(s):  
Gains From Trade ◽  
Firm Selection

scholarly journals GAINS FROM TRADE

2017 ◽  
Vol 58 (3) ◽  
pp. 923-942 ◽  
Author(s):  
Christopher P. Chambers ◽  
Takashi Hayashi
Keyword(s):  
Gains From Trade
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