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  1. Home
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  3. Theory of International Trade
  • Cited by 725
  • Avinash Dixit, University of Warwick, Victor Norman, Norwegian School of Economics and Business Administration, Bergen-Sandviken
Publisher:
Cambridge University Press
Online publication date:
January 2010
Print publication year:
1980
Online ISBN:
9780511628627
DOI:
https://doi.org/10.1017/CBO9780511628627
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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