International Trade, Welfare, and the Theory of General Equilibrium

Introduction; Part I. Lessons from Simple General Equilibrium Models: 1. Thoughts and remarks after 50 years of simple general equilibrium models Ronald W. Jones; Part II. Adjustment Towards Free Trade: 2. Adjustment costs and trade liberalization Eric W. Bond; 3. Farsightedly stable FTA structures - the roles of pre-existing tariff rates Noritsugu Nakanishi; Part III. Skill Formation and Inequality: 4. Skilled-unskilled wage inequality and dynamic accumulation: a theoretical analysis skill Priya Brata Dutta; 5. FDI in education vs FDI in commodity production: a theoretical model Rashmi Ahuja; Part IV. Implications of Factor Flows: 6. Skilled migration and foreign aid in a general equilibrium model of monopolistic competition Dambar Uprety and Sajal Lahiri; 7. Trade, factor flows and product variety in a small open economy Anwesha Aditya; 8. Product differentiation, quality of innovation and capital mobility: a general equilibrium analysis Sudeshna Mitra, Tonmoy Chatterjee and Kausik Gupta; Part V. Production Organization in Open Economies: 9. Cross-border mergers and international trade: a vertical GOLE model Hamid Beladi, Avik Chakrabarti and Sugata Marjit; 10. International trade and production organization: a review of contemporary literature Meghna Dutta; Part VI. Issues in Taxation: 11. Negative production externalities, labour market imperfection and production tax policy in a developing economy Sarbajit Chaudhuri; 12. Tax-financed public transfers: a mechanism for double taxation Baisakhi Marjit, Sugata Marjit and Saibal Kar.