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- W2166550227 abstract "This paper analyses how the enlargement of a trade bloc will affect national welfare. We establish a partial equilibrium model of a trade bloc either operating as a monopoly with a competitive fringe or facing a duopolistic game in production taxes/subsidies. Given this framework, we demonstrate how member countries’ welfare effects depend on their trade flow and the market power of the trade bloc. A numerical estimation of the effects of EU enlargement on the major grain crop markets suggests that welfare effects are negligible. Economic reasons are therefore unlikely to be a motivating force for further enlargement." @default.
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- W2166550227 date "2009-07-01" @default.
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- W2166550227 title "Enlargement of the European Union: A Movement towards the Optimal Trade Bloc Size?" @default.
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