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...
| Publicado en: | Kyklos Vol. 49; no. 4; pp. 509 - 541 |
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| Autores principales: | , |
| Formato: | Artículo |
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Wiley-Blackwell
1996
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=510392295&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 510392295 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00235962 KYK jtl: Kyklos issn: 00235962 maglogo: N pubinfo: dt: 1996 vid: 49 iid: 4 pid: 480 pub: Wiley-Blackwell artinfo: ui: 510392295 10.1111/j.1467-6435.1996.tb02072.x ppf: 509 ppct: 32 formats: fmt: @attributes: type: T tig: atl: Inefficient and locally stable trade equilibria under scale economies: comparative advantage revisited. aug: au: Baumol, William J. Gomory, Ralph E. su: Comparative advantage (International trade) Mathematical models Mathematical models in business Economies of scale Economic equilibrium sug: subj: Comparative advantage (International trade) Mathematical models Mathematical models in business Economies of scale Economic equilibrium ab: 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 efficiency, in the classical sense, that are possible for the many equilibria that exist under economies of scale and for similar production relationships. Moreover, equilibria need not be efficient, and even efficient equilibria need not satisfy comparative advantage. Two new concepts, local efficiency and quantitative degree of inefficiency, seem to function more uniformly than the standard concept in the economies of scale setting. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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