The Theory of Second Best suggests that introducing new distortions in an imperfect economy can offset existing distortions.

As this legal and moral framework disintegrates, the selective, opportunistic, and self-serving responses of the US to global ...

In 2024, the fragility of the post-World War II international order was starkly and tragically exposed. Once hailed as the ...

What to expect for the U.S. economy in 2025, a comparison with countries that are major trading partners with the United ...

International trade increases the measure of firms in the market, intensifies competition, lowers markups, and unambiguously increases welfare. These "natural" effects of trade emerge generically in ...

Transport leaders aspire to transform vital sector The formal economic sector of transportation and logistics in Lebanon ...

The investment return, price, yields, market value and net asset value ("NAV") of a fund's shares will fluctuate with market conditions. Closed-end funds frequently trade at a discount ... including ...

"Mexico is really tied to the US economy, and any trade dispute will hurt both economies a lot but it will hurt Mexico much ...

Critics have accused the Trudeau government and Ms. Freeland of spending wildly and running up unsustainable deficits. The ...

Elhanan Helpman and Paul R. Krugman, Market Structure and Foreign Trade: Increasing Returns, Imperfect Competition, and the International Economy, 1985. Robert C. Feenstra, Advanced International ...

A financial advisor could help you identify companies with strong market positions and assess how their pricing and competitiveness may impact your portfolio. Imperfect competition is a market ...