Endogenous Market Structure, Trade Cost Reduction, and Welfare
(2015)
Journal Article
Marjit, S., & Mukherjee, A. (2015). Endogenous Market Structure, Trade Cost Reduction, and Welfare. Journal of Institutional and Theoretical Economics, 171(3), 493-511. doi:10.1628/093245615x14322754804672
We show the long-run effects of a trade cost reduction in an oligopolistic industry. If the labor markets are competitive and the products are homogeneous, a lower transportation cost affects neither consumer surplus nor welfare of the importing coun... Read More about Endogenous Market Structure, Trade Cost Reduction, and Welfare.