The Elusive Pro-Competitive Effects of Trade.

We study the gains from trade liberalization in models with monopolistic competition, firm-level heterogeneity, and variable markups. For a large class of demand functions used in the international macro and trade literature, we derive a parsimonious generalization of the welfare formula in Arkolaki...

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Bibliographic Details

Published in:	Review of Economic Studies Vol. 86; no. 1; pp. 46 - 81
Main Authors:	Arkolakis, Costas, Costinot, Arnaud, Donaldson, Dave, Rodríguez-Clare, Andrés
Format:	Article
Published:	Oxford University Press / USA Jan2019
Subjects:	International trade Economic competition Monopoly capitalism Microeconomics Gravity model (Social sciences) Free trade Pass through entities
Online Access:	View this record in EBSCOhost