HIGHLIGHTS
- who: Filipe Martins and colleagues from the Centro, Universidade Porto-CMUP, , have published the article: Welfare-Balanced International Trade Agreements, in the Journal: Mathematics 2023, 11, 40. of /2023/
- what: The authors propose a trade agreement where: (i) the countries implement their cooperative tariffs and so increase their aggregate from the competitive to the cooperative outcome; (ii) they redistribute the aggregate cooperative according to their relative competitive shares. The authors do not explore this issue and the authors consider the total welfare to be the sum of the surplus of the consumers with the firm . . .
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