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Book Cover
Author Dixit, Avinash K

Title Theory of international trade : a dual, general equilibrium approach / by Avinash Dixit and Victor Norman
Published Welwyn : J. Nisbet : Cambridge University Press, 1980


Description 1 online resource (x, 339 pages) : illustrations
Series The Cambridge economic handbooks
Cambridge economic handbooks.
Contents 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
4. TRADE, SPECIALIZATION AND FACTOR PRICES1. 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
4. Customs UnionsNotes; 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
2. Functions and Differentiation3. Optimization; 4. Applications: Cost and Revenue Functions; References; BIBLIOGRAPHY; INDEX
Summary 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
Bibliography Includes bibliographical references (pages 329-334)
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. MiAaHDL
digitized 2011 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject International trade -- Mathematical models
Commerce -- Mathematical models
BUSINESS & ECONOMICS -- Exports & Imports.
BUSINESS & ECONOMICS -- International -- General.
BUSINESS & ECONOMICS -- International -- Marketing.
POLITICAL SCIENCE -- International Relations -- Trade & Tariffs.
Commerce international.
Commerce -- Mathematical models.
International trade -- Mathematical models.
Reale Außenwirtschaftstheorie
Internationale handel.
Comercio Internacional.
Économie politique -- Modèles mathématiques.
Relations économiques internationales.
Équilibre (économie politique) -- Modèles mathématiques.
Commerce international.
Reale Außenwirtschaftstheorie.
Form Electronic book
Author Norman, Victor D
ISBN 9781107720008