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Trade Adjustment Assistance and Pareto Gains From Trade

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NBER1991-09-01 更新2025-01-04 收录
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In a model where all factors of production are imperfectly mobile, we argue that the Dixit-Norman scheme of commodity taxes may not lead to strict Pareto gains from trade. Rather, this scheme must be augmented by policies which give factors an incentive to move: hence, the role for trade adjustment

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1991-09-01
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