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(eBook PDF) Theory of International Trade: A Dual, General Equilibrium Approach

Original price was: $50.00.Current price is: $35.00.

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Product details:

  • ISBN-10 ‏ : ‎ 9780521299695
  • ISBN-13 ‏ : ‎ 978-0521299695
  • Author: Avinash Dixit, Victor Norman
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.

Table of contents:

Chapter 1 – Introduction

Chapter 2 – Elements of the Deterministic Theory of International Trade

Chapter 3 – Elements of the Theory of Economic Decision Making under Uncertainty

Chapter 5 – A Stock Market Economy

Chapter 6 – A Diagrammatic Exposition of Stock Market Equilibrium and the Balance of Payments

Chapter 7 – The Basic Propositions of the Pure Theory of International Trade Revised

Chapter 8 – Commercial Policy

Chapter 9 – Gains from Trade

Chapter 10 – Efficient Intervention in Financial Capital Markets

Chapter 11 – A Dynamic Reformulation

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