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Keyword: trade liberalization;
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Marcia M Schafgans and Joachim Stibora
We develop a general equilibrium model of multiproduct fi…rms with quality differentiated goods. Households are characterized by an heterogeneous taste for the differentiated good and their income level. The use of non-h...Read more...
1 July 2014
Roberto Bonfatti and Maitreesh Ghatak
An interesting puzzle is that trade liberalization in the 1980s and 1990s has been associated with a sharp increase in the skill premium in both developed and developing countries. This is in contrast with neoclassical t...Read more...