Description
This book provides a careful account of the leading propositions about the welfare gains associated with international trade and investment under differing institutional arrangements and policy choices.
Table of Contents
1. Introduction; A. The gains from trade for a single free-trading country; B. A more general proposition; Bibliographical notes; 2. Proof of Proposition 2; A. The context; B. The proof; C. Remarks concerning the scope of Proposition 2; D. Special cases; Bibliographical notes; 3. The Implementability of a Compensated Trading Equilibrium; A. The information required for GMG compensation; B. Calculation of the common tariff; C. Summary; 4. Non-Lumpsum Compensation; A. Compensation by distorting taxation; B. Lumpsum versus non-lumpsum compensation; Bibliographical notes; 5. Unsolved Problems; Bibliographical notes; References; Index;
