Since an equilibrium of the integrated economy is not necessarily unique, the same holds true for a free trade equilibrium.doi:10.1007/s00199-011-0624-8Lutz G. ArnoldDepartment of EconomicsEconomic TheoryArnold, L.G.: Existence of equilibrium in the Helpman–Krugman model of international trade ...
The Specific Factors Model Box:WhatIs a Specific Factor? Assumptions of the Model Production Possibilities Prices, Wages, and Labor Allocation Relative Prices and the Distribution of Income International Trade in the Specific Factors Model Income Distribution and the Gains from Trade The Political Economy...
This chapter presents a general model that admits previous models as special cases. This “standard trade model” is the workhorse of international trade theory and can be used to address a wide range of issues. Some of these issues, such as the welfare and distributional effects of economic ...
‘1. Charnberiinian approach to international trade is suggestccl by Gra (1973). Negishi t 19721 develops a full general-equilibrium model of scale economies. monopolistic.: competition. ;llxl llrade which is ,;imilar in spirit to this paper. though far more complex. SGIIC ccontmies ant...
How does the answer depend on the model of trade? In the Ricardo’s model, labor gains from trade through an increase in its purchasing power. This result does not support labor union demands for limits on imports from less affluent countries. In the Immobile Factors model labor may gain ...
ChapterOrganization AStandardModelofaTradingEconomy ProductionPossibilitiesandRelativeSupply RelativePricesandDemand TheWelfareEffectofChangesintheTermsofTrade DeterminingRelativePrices EconomicGrowth:AShiftoftheCurve . GrowthandtheProductionPossibilityFrontier WorldRelativeSupplyandtheTermsofTrade InternationalEffectsofGrowth...
of Monopoly The Model with Free Trade The Model with a TariffThe Model with a Tariff The Model with an Import QuotaThe Model with an Import Quota Comparing a Tariff and a Quota © 2015 Pearson Education Limited 46 Krugman/Obstfeld/Melitz • International Economics: Theory Policy,International...
How does the answer depend on the model of trade?In the Ricardos model, labor gains from trade through an increase in its purchasing power. This result does not support labor union demands for limits on imports from less affluent countries. In the Immobile Factors model labor may gain or ...
The Model with Free Trade The Model with a Tariff The Model with an Import Quota Comparing a Tariff and a Quota © 2015 Pearson Education Limited 46 Krugman/Obstfeld/Melitz • International Economics: Theory & Policy, Tenth Edition Chapter Overview This chapter and the next three focus on ...
2) Brander-Krugman model 布兰德-克鲁格曼模型3) Krugman 克鲁格曼 1. Krugman′s New Ideas on International Trade and Their Implications; 克鲁格曼的国际贸易“新思路”及其启示 2. Why Krugman Became the Sole Winner of 2008 Nobel Prize in Economics 对克鲁格曼独得2008年诺贝尔经济学奖的探析 更多...