Bilateral Trade and Friction
Effective curvature decreasing in trade costs, trade collapse at critical friction, and the efficiency-fragility tradeoff.
Impact Score
Score Reasoning
- Importance
- Well-connected trade application with 6 inbound links. Friction-curvature tradeoff is useful but derivative of core results.
- Novelty
- CES-specific formulation of trade friction effects. The efficiency-fragility tradeoff framing adds value over standard gravity models.
- Quality
- Well-structured with LaTeX, good cross-links. 6 inbound links shows integration into the wiki.