Theory of International Trade

A Dual, General Equilibrium Approach

Business & Finance, Economics, International Economics, International
Cover of the book Theory of International Trade by Avinash Dixit, Victor Norman, Cambridge University Press
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Author: Avinash Dixit, Victor Norman ISBN: 9781107712959
Publisher: Cambridge University Press Publication: September 30, 1980
Imprint: Cambridge University Press Language: English
Author: Avinash Dixit, Victor Norman
ISBN: 9781107712959
Publisher: Cambridge University Press
Publication: September 30, 1980
Imprint: Cambridge University Press
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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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