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Theory of international trade : a dual, general equilibrium approach
Authors: ---
ISBN: 113988154X 1107712955 1107712637 1107720001 1107715873 0511937490 0511628625 9781107720008 9780511628627 9780511937491 0521299691 9780521299695 0521234816 9780521234818 0720203147 9780720203141 0720203155 9780720203158 Year: 1980 Publisher: Welwyn : [Cambridge] : J. Nisbet ; Cambridge University Press,

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Abstract

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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