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  3. Theory of International Trade
  • Cited by 755
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    • Publisher:
      Cambridge University Press
      Publication date:
      19 January 2010
      30 September 1980
      ISBN:
      9780511628627
      9780521299695
      DOI:
      https://doi.org/10.1017/CBO9780511628627
      Dimensions:
      Weight & Pages:
      Dimensions:
      (216 x 138 mm)
      Weight & Pages:
      0.418kg, 352 Pages
      • Subjects:
      Economics, International Economics, Economic Theory
      Series:
      Cambridge Economic Handbooks
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    Subjects:
    Economics, International Economics, Economic Theory
    Series:
    Cambridge Economic Handbooks
    Information

    Book description

    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.

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