Theory of International Trade: A Dual, General Equilibrium Approach
(Part of the Cambridge Economic Handbooks Series)
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Book Overview
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.
Format:Paperback
Language:English
ISBN:0521299691
ISBN13:9780521299695
Release Date:September 1980
Publisher:Cambridge University Press
Length:352 Pages
Weight:0.90 lbs.
Dimensions:0.7" x 5.2" x 8.5"
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