The literature on intra-industry trade and strategic trade policy has always considered only profit-maximizing private firms being active in international trade. This paper incorporates state-owned public firms in the context of intra-industry trade. The existence of welfare-maximizing public...

This paper argues that a Kantian model of decision-making, one that incorporates moral duties alongside standard preferences and constraints, can account for the complexities of actual ethical choice within a model with a single (constrained) preference ranking. Multiple utilities are required...