Arbeitspapier
An Elementary Theorem on Gains from Virtual Trade
Virtual markets allow consumers to save time costs to purchase goods and services. Countries lose relative to the conventional welfare gain when they increase consumption of non-virtual goods under free trade. We include the classical gains from trade theorem as a special case. For two identical countries that have same endowment and technology, the income difference between them can generate trade when we consider the time cost of purchasing goods. The rich country exports the non-virtual good and imports the virtual good while the poor country exports the virtual good and imports the non-virtual good.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 8703
- Klassifikation
-
Wirtschaft
Trade: General
Innovation; Research and Development; Technological Change; Intellectual Property Rights: General
- Thema
-
virtual trade
time cost
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Marjit, Sugata
Yang, Lei
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and Ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2020
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Marjit, Sugata
- Yang, Lei
- Center for Economic Studies and Ifo Institute (CESifo)
Entstanden
- 2020
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