Ziyu Peng (@p_ziyu) 's Twitter Profile
Ziyu Peng

@p_ziyu

ID: 1022633052244246529

calendar_today27-07-2018 00:01:34

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Nicholas Decker 🏳️‍🌈🌐🇺🇦 (@captgouda24) 's Twitter Profile Photo

One of the possible gains from trade is exposing inefficient firms to competition. Competition is robustly associated with lower prices and markups. But what if I told you that allowing for competition actually *reduces* the gains from trade? 1/

One of the possible gains from trade is exposing inefficient firms to competition. Competition is robustly associated with lower prices and markups. But what if I told you that allowing for competition actually *reduces* the gains from trade? 1/