UID:
almafu_9959235313902883
Format:
1 online resource (x, 339 pages) :
,
digital, PDF file(s).
ISBN:
1-139-88154-X
,
1-107-71295-5
,
1-107-71263-7
,
1-107-72000-1
,
1-107-71587-3
,
0-511-93749-0
,
0-511-62862-5
Series Statement:
The Cambridge economic handbooks
Content:
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.
Note:
Title from publisher's bibliographic system (viewed on 05 Oct 2015).
,
Cover; Half-title; Title; Copyright; Preface; Contents; 1. THE THEORY OF INTERNATIONAL TRADE; 1. Comparative Advantage; 2. The Pattern of Trade; 3. Factor Price Equalization; 4. Welfare and the Terms of Trade; 5. A Remark on the Basic Model; Notes; 2. SUPPLY AND DEMAND USING DUALITY; 1. Production: the Revenue Function; 2. Production: Cost Functions; 3. Comparative Statics of Production; 4. Consumption; Notes; 3. INTERNATIONAL EQUILIBRIUM AND THE GAINS FROM TRADE; 1. Autarky; 2. Gains from Trade; 3. International Equilibrium; 4. Some Extensions; Notes
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4. TRADE, SPECIALIZATION AND FACTOR PRICES; 1. Comparative Advantage and Trade Patterns; 2. Comparative Advantage and Factor Endowments; 3. Characteristics of a Free Trade Equilibrium; 4. Factor Price Equalization; Notes; 5. COMPARATIVE STATICS; 1. Transfer of Goods; 2. Factor Supply Changes; 3. Changes in Technology; 4. Factor Movements; 5. Tariffs and the Terms of Trade; 6. Tariffs and Income Distribution; 7. Effective Protection; Notes; 6. WELFARE AND TRADE POLICY; 1. Optimum Tariffs and Domestic Taxes; 2. Policy Responses to Distortions and Constraints; 3. Partial Reforms of Policies
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4. Customs Unions; Notes; 7. MONEY AND THE BALANCE OF PAYMENTS; 1. The Small Country Case; 2. General Equilibrium and Comparative Statics; 3. Stability of the Long-Run Equilibrium; 4. The Elasticities Approach; Notes; 8. TRADE AND PAYMENTS WITH FIXED PRICES; 1. Small Country with Sticky Wages; 2. International Equilibria; 3. All Prices Sticky; Notes; 9. SCALE ECONOMIES AND IMPERFECT COMPETITION; 1. Trade and Competition; 2. Product Selection; 3. Product Differentiation and Intra-Industry Trade; 4. Concluding Remarks; Notes; MATHEMATICAL APPENDIX; 1. Linear algebra and geometry
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2. Functions and Differentiation; 3. Optimization; 4. Applications: Cost and Revenue Functions; References; BIBLIOGRAPHY; INDEX
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English
Additional Edition:
ISBN 0-521-29969-1
Additional Edition:
ISBN 0-521-23481-6
Language:
English
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