When autarky trumps free and costless trade

• 成果类型: Article
• 署名作者: Morgan, John; Tumlinson, Justin; Vardy, Felix
• 署名单位: University of California System; University of California Berkeley; University of Exeter; Technical University of Munich; International Monetary Fund
• 刊物名称: THEORETICAL ECONOMICS
• ISSN/ISSBN: 1933-6837
• DOI: 10.3982/TE6187
• 发表日期: 2026
• 关键词: monopolistic competition

摘要

In the context of Krugman's (1979) canonical new trade model, we demonstrate that a country is better off in autarky than in free and costless trade when the productivity of its trading partner is sufficiently low.