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Theory of International Trade: A Dual, General Equilibrium Approach

Theory of International Trade: A Dual, General Equilibrium Approach

Paperback

Series: Cambridge Economic Handbooks

Economics

ISBN10: 0521299691
ISBN13: 9780521299695
Publisher: Cambridge University Press
Published: Sep 30 1980
Pages: 352
Weight: 0.91
Height: 0.70 Width: 5.20 Depth: 8.52
Language: English
This book expounds trade theory emphasizing that a trading equilibrium is general rather than partial, and is often best modelled using dual or envelope functions. This yields a compact treatment of standard theory, clarifies some errors and confusions, and produces some new departures. In particular, the book (i) gives unified treatments of comparative statics and welfare, (ii) sheds new light on the factor-price equalization issue, (iii) treats the modern specific-factor model in parallel with the usual Heckscher-Ohlin one, (iv) analyses the balance of payments in general equilibrium with flexible and fixed prices, (v) studies imperfect competition and intra-industry trade.

Also from

Dixit, A.

Also in

Economics