Abstract
Both countries can gain in welfare from international trade between them. The level of welfare in each country is higher than in autarky. The gains from trade in this sense have often been discussed so far.
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Negishi, T., Negishi, T. (2014). Domestic Distortions. In: Developments of International Trade Theory. Advances in Japanese Business and Economics, vol 2. Springer, Tokyo. https://doi.org/10.1007/978-4-431-54433-3_13
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DOI: https://doi.org/10.1007/978-4-431-54433-3_13
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