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

@captgouda24

GMU econ PhD student, liberal, aspie. I post interesting papers. Michael Kremer stan. I ❤️ optimal auction design. Spend more on drugs. Open borders now!

ID: 1022920763865812992

linkhttps://captgouda24.github.io/nicholas-decker.github.io/ calendar_today27-07-2018 19:04:49

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

4 months ago

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/