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  • 1
    Electronic Resource
    Electronic Resource
    Gains from trade with overlapping generations (1995)
    Springer
    Economic theory 6 (1995), S. 283-303 
    Details
    ISSN: 1432-0479
    Keywords: Gains from trade ; overlapping generations ; F10 ; F13
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Summary This paper examines the welfare effects of international trade in a context of overlapping generations. It shows that, for a single trading country, uncompensated free trade may be Pareto inferior to autarky. However, for each government there are compensation schemes which guarantee welfare improvements for all local individuals when free trade is allowed, or when for a small open economy the terms of trade improve or the number of tradable goods increases, or when a customs union is formed.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF01212492
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  • 2
    Electronic Resource
    Electronic Resource
    Trade Gains in Chaotic Equilibria (1999)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Review of international economics 7 (1999), S. 0 
    Details
    ISSN: 1467-9396
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: It is shown by means of an overlapping-generations (OLG) example that free international trade may be both deterministically chaotic and gainful in the sense of Pareto to a participating country.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1467-9396.00172
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  • 3
    Electronic Resource
    Electronic Resource
    Dynamic Stability, Paradoxical Comparative Statics, and Factor–Market Distortions in an Economy with Three Production Sectors (2003)
    Oxford, UK and Boston, USA : Blackwell Publishing Ltd.
    Review of international economics 11 (2003), S. 0 
    Details
    ISSN: 1467-9396
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: In an earlier paper the authors clarified the relationship between the stability of long–run equilibrium and the possibility of paradoxical comparative statics in the Lerner–Samuelson two–by–two model of production with factor–market distortions (see Review of International Economics 9 (1901) :383–400). The present paper extends the analysis to an economy with three production sectors. It is found that almost all properties of long–run equilibrium in the two–by–two model with factor–market distortions continue to hold, while some new properties, such as plurality of equilibrium, appear. Specifically, the instability of the adjustment process is not ruled out; a paradox cannot coexist with stable equilibrium in a small open economy, but may do so in a closed economy.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1467-9396.00366
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  • 4
    Electronic Resource
    Electronic Resource
    SET-UP COSTS AND THE THEORY OF EXHAUSTIBLE RESOURCES (1985)
    Oxford, UK : Blackwell Publishing Ltd
    Papers in regional science 56 (1985), S. 0 
    Details
    ISSN: 1435-5957
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: Let there be several identical deposits of an exhaustible, non-renewable resource, the working of each deposit entailing a set-up cost but no other costs. It is found that the optimal path of extraction dictates that the deposits must be removed in strict sequence with discontinuities of marginal benefit at transition points. Moreover, the average rate of increase of marginal benefit is less than the rate of interest. These results embellish Hotelling's rule relating to optimal methods of resource extraction.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1435-5597.1985.tb00841.x
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  • 5
    Electronic Resource
    Electronic Resource
    Factor-Market Distortions, Dynamic Stability, and Paradoxical Comparative Statics (2001)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd.
    Review of international economics 9 (2001), S. 0 
    Details
    ISSN: 1467-9396
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: In the late 1960s and early 1970s there was a strong revival of interest in the role of factor-market distortions in those branches of our subject which rely on the Lerner–Samuelson two-by-two model of production. Among the legacies from that period were several comparative statical propositions which seemed counterintuitive or paradoxical. However, the revival lost momentum when confronted with Neary’s observation that the major paradoxes are associated with unstable equilibria and therefore rarely observed. On the other hand, there are now seen to be several errors in Neary’s analysis. For example, in the important case of a closed economy (and, by interpretation, in the case of a large open economy) he overlooked the fact that paradoxes can be associated with stable equilibria.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1467-9396.00287
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  • 6
    Electronic Resource
    Electronic Resource
    Trade Gains when the Opportunity to Trade Changes the State of Information (2001)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd.
    Review of international economics 9 (2001), S. 0 
    Details
    ISSN: 1467-9396
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: J. S. Mill suggested that the destruction of old preferences and their replacement by new are among the greatest benefits imparted by free trade. However, Mill’s argument relied on a possibly controversial ethical judgment. The present note approaches the question posed by Mill with only the conventional Paretian ethical baggage, and shows that, if all agents are rational in a sense to be made clear and if the wellbeing of each agent is independent of irrelevant alternatives, then trade is potentially gainful.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1467-9396.00260
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  • 7
    Electronic Resource
    Electronic Resource
    Increasing Returns and International Trade (2000)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd.
    Review of international economics 8 (2000), S. 0 
    Details
    ISSN: 1467-9396
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The paper develops a model of international trade with increasing returns toscale by taking into account the possibility of cooperation among agents in an egalitarian economy. It is shown that each country gains from trade in a trading world in which there are arbitrary numbers of increasing-returns-to-scale goods, constant-returns-to-scale goods, factors of production, and countries.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1467-9396.00245
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  • 8
    Electronic Resource
    Electronic Resource
    Factor Price Equalization under Imperfect Competition (1997)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Review of international economics 5 (1997), S. 0 
    Details
    ISSN: 1467-9396
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The paper describes a class of imperfectly competitive world economies for which factor price equalization is inevitable. Specifically, it is shown that factor price equalization must prevail if the trading economies differ at most in scale, if they share a constant-returns no-joint-products technology, and if each oligopolistic industry produces a commodity which, directly or indirectly, is internationally tradable.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1467-9396.00047
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  • 9
    Electronic Resource
    Electronic Resource
    The Sonnenschein–Debreu–Mantel Proposition and the Theory of International Trade (2002)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd.
    Review of international economics 10 (2002), S. 0 
    Details
    ISSN: 1467-9396
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Much of the comparative statics of trade theory rests on the unrealistic assumption that in each trading country all households are alike or behave collectively as though they are alike. In the present paper the authors show that two well–known comparative statical propositions are highly sensitive to the relaxation of the assumption, and suggest that many other results are equally fragile.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1467-9396.00357
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  • 10
    Electronic Resource
    Electronic Resource
    The Internationalization of the World Economy and its Implication for National Welfare (1999)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Review of international economics 7 (1999), S. 0 
    Details
    ISSN: 1467-9396
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: There is no generally accepted definition of internationalization or globalization. The present paper offers three alternative definitions, in terms of (i) an enlargement of the set of trading countries, (ii) an enlargement of the set of traded commodities, or (iii) the international sharing of technology. It is shown that if each country adopts a Paretian scheme of internal compensation then internationalization in each sense leaves at least one country better off, and that if international compensation is admitted then internationalization in each sense makes every country better off.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1467-9396.00141
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