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Theory of International Trade: A Dual, General Equilibrium Approach (Cambridge Economic Handbooks)
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Binding: Paperback
Dewey Decimal Number: 382.015118
EAN: 9780521299695
ISBN: 0521299691
Label: Cambridge University Press
Manufacturer: Cambridge University Press
Number Of Items: 1
Number Of Pages: 350
Publication Date: September 30, 1980
Publisher: Cambridge University Press
Studio: Cambridge University Press
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Editorial Review:
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.
This book emphasizes that a trading equilibrium is general rather than partial, and is often best modeled using dual or envelope functions.
Customer Reviews
Average Rating: 
Rating: - A good book for international trade, but not perfect
The book gets into rather good discusion of basic models, equilibrium and more advanced topics. The math level of the book is at a graduate level and many of the results are done with enough details, discussion and algebra. However, the book suffers from lack of algebra and enough reasoning in the first chapters where it is describing basic models. The notation of the book is sometimes confusing too (I think this problem exists in all of the books about international trade). Besides, the book is ... Read More
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