Matches in SemOpenAlex for { <https://semopenalex.org/work/W2109175060> ?p ?o ?g. }
- W2109175060 endingPage "592" @default.
- W2109175060 startingPage "561" @default.
- W2109175060 abstract "We show that the “fear” of globalisation can be rationalised by economic theory in the standard AD/AS equilibrium model, if we substitute the coordinational role of the Auctioneer by an implementation device based on learning (Guesnerie in Am Econ Rev 82, 1254–1278, 1992). When endowing producers with a learning ability to forecast market prices, individual profit-maximizing production decisions become interdependent in a strategic sense (strategic substitutes). Performing basic comparative statics exercises, we show that “competitiveness” matters in a precise sense: as foreign producers gain access to the home market, home producers’ ability to forecast market prices is undermined, so being their ability to forecast the profit consequences of their production decisions. A standard open economy exercise shows that the efficiency gains triggered by increased competition have to be traded-off against higher uncertainty (a lower likelihood to coordinate upon the welfare enhancing free-trade equilibrium). We interpret it as a new rationale for the existence of barriers to trade targeting coordination, rather than protecting mere inefficient sectors or industries (political economy driven). Finally, we show that classical measures evaluating ex-ante the desirability of economic integration (net welfare gains) do not always advice free trade." @default.
- W2109175060 created "2016-06-24" @default.
- W2109175060 creator A5064246487 @default.
- W2109175060 date "2008-01-03" @default.
- W2109175060 modified "2023-10-18" @default.
- W2109175060 title "Are the antiglobalists right? Gains-from-trade without a Walrasian auctioneer" @default.
- W2109175060 cites W1493376445 @default.
- W2109175060 cites W1548599196 @default.
- W2109175060 cites W2005146051 @default.
- W2109175060 cites W2014245578 @default.
- W2109175060 cites W2017299421 @default.
- W2109175060 cites W2040815607 @default.
- W2109175060 cites W2054454859 @default.
- W2109175060 cites W2057944186 @default.
- W2109175060 cites W2070645636 @default.
- W2109175060 cites W2124077964 @default.
- W2109175060 cites W2129649804 @default.
- W2109175060 cites W2143284884 @default.
- W2109175060 cites W2152717893 @default.
- W2109175060 cites W2162593497 @default.
- W2109175060 cites W2240202731 @default.
- W2109175060 cites W2898075914 @default.
- W2109175060 cites W3123108098 @default.
- W2109175060 cites W3123575923 @default.
- W2109175060 cites W3123780555 @default.
- W2109175060 cites W3125387544 @default.
- W2109175060 cites W4252127527 @default.
- W2109175060 doi "https://doi.org/10.1007/s00199-007-0325-5" @default.
- W2109175060 hasPublicationYear "2008" @default.
- W2109175060 type Work @default.
- W2109175060 sameAs 2109175060 @default.
- W2109175060 citedByCount "4" @default.
- W2109175060 countsByYear W21091750602013 @default.
- W2109175060 countsByYear W21091750602014 @default.
- W2109175060 crossrefType "journal-article" @default.
- W2109175060 hasAuthorship W2109175060A5064246487 @default.
- W2109175060 hasBestOaLocation W21091750602 @default.
- W2109175060 hasConcept C100243477 @default.
- W2109175060 hasConcept C103382277 @default.
- W2109175060 hasConcept C122251271 @default.
- W2109175060 hasConcept C139719470 @default.
- W2109175060 hasConcept C155202549 @default.
- W2109175060 hasConcept C162324750 @default.
- W2109175060 hasConcept C167393938 @default.
- W2109175060 hasConcept C175444787 @default.
- W2109175060 hasConcept C17744445 @default.
- W2109175060 hasConcept C181622380 @default.
- W2109175060 hasConcept C185874996 @default.
- W2109175060 hasConcept C18903297 @default.
- W2109175060 hasConcept C199539241 @default.
- W2109175060 hasConcept C2119116 @default.
- W2109175060 hasConcept C27254500 @default.
- W2109175060 hasConcept C2776988154 @default.
- W2109175060 hasConcept C2778135664 @default.
- W2109175060 hasConcept C2778348673 @default.
- W2109175060 hasConcept C2781090088 @default.
- W2109175060 hasConcept C34447519 @default.
- W2109175060 hasConcept C48875124 @default.
- W2109175060 hasConcept C76474335 @default.
- W2109175060 hasConcept C86803240 @default.
- W2109175060 hasConcept C91306197 @default.
- W2109175060 hasConceptScore W2109175060C100243477 @default.
- W2109175060 hasConceptScore W2109175060C103382277 @default.
- W2109175060 hasConceptScore W2109175060C122251271 @default.
- W2109175060 hasConceptScore W2109175060C139719470 @default.
- W2109175060 hasConceptScore W2109175060C155202549 @default.
- W2109175060 hasConceptScore W2109175060C162324750 @default.
- W2109175060 hasConceptScore W2109175060C167393938 @default.
- W2109175060 hasConceptScore W2109175060C175444787 @default.
- W2109175060 hasConceptScore W2109175060C17744445 @default.
- W2109175060 hasConceptScore W2109175060C181622380 @default.
- W2109175060 hasConceptScore W2109175060C185874996 @default.
- W2109175060 hasConceptScore W2109175060C18903297 @default.
- W2109175060 hasConceptScore W2109175060C199539241 @default.
- W2109175060 hasConceptScore W2109175060C2119116 @default.
- W2109175060 hasConceptScore W2109175060C27254500 @default.
- W2109175060 hasConceptScore W2109175060C2776988154 @default.
- W2109175060 hasConceptScore W2109175060C2778135664 @default.
- W2109175060 hasConceptScore W2109175060C2778348673 @default.
- W2109175060 hasConceptScore W2109175060C2781090088 @default.
- W2109175060 hasConceptScore W2109175060C34447519 @default.
- W2109175060 hasConceptScore W2109175060C48875124 @default.
- W2109175060 hasConceptScore W2109175060C76474335 @default.
- W2109175060 hasConceptScore W2109175060C86803240 @default.
- W2109175060 hasConceptScore W2109175060C91306197 @default.
- W2109175060 hasIssue "3" @default.
- W2109175060 hasLocation W21091750601 @default.
- W2109175060 hasLocation W21091750602 @default.
- W2109175060 hasLocation W21091750603 @default.
- W2109175060 hasLocation W21091750604 @default.
- W2109175060 hasLocation W21091750605 @default.
- W2109175060 hasLocation W21091750606 @default.
- W2109175060 hasLocation W21091750607 @default.
- W2109175060 hasOpenAccess W2109175060 @default.
- W2109175060 hasPrimaryLocation W21091750601 @default.
- W2109175060 hasRelatedWork W1943438897 @default.
- W2109175060 hasRelatedWork W2003218071 @default.
- W2109175060 hasRelatedWork W2017805892 @default.