Inefficient and locally stable trade equilibria under scale economies: comparative advantage revisited.

The writers examine and analyze the inefficient trade equilibria that can be introduced by scale economies despite the workings of the market mechanism. In a world of scale economies, market forces cannot be relied upon always to yield an efficient equilibrium. There is a wide range of states of e...

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Detalles Bibliográficos

Publicado en:	Kyklos Vol. 49; no. 4; pp. 509 - 541
Autores principales:	Baumol, William J., Gomory, Ralph E.
Formato:	Artículo
Publicado:	Wiley-Blackwell 1996
Materias:	Comparative advantage (International trade) Mathematical models Mathematical models in business Economies of scale Economic equilibrium
Acceso en línea:	Ver este registro en EBSCOhost