Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/76760 
Erscheinungsjahr: 
2010
Schriftenreihe/Nr.: 
Discussion Papers No. 10-09
Verlag: 
University of Bern, Department of Economics, Bern
Zusammenfassung: 
We study international trade in a model where consumers have non-homothetic preferences and where household income restricts the extensive margin of consumption. In equilibrium, monopolistic producers set high (low) prices in rich (poor) countries but a threat of parallel trade restricts the scope of price discrimination between countries. The threat of parallel trade allows differences in per capita incomes to have a strong impact on the extensive margin of trade, whereas differences in population sizes have a weaker effect. We also show that the welfare gains from trade liberalization are biased towards rich countries. We extend our model to more than two countries; to unequal incomes within countries; and to more general specifications of non-homothetic preferences. Our basic results are robust to these extensions.
Schlagwörter: 
heterogenous markups
non-homothetic preferences
parallel imports
extensive margin of trade
JEL: 
F10
F12
F19
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
373.85 kB





Publikationen in EconStor sind urheberrechtlich geschützt.