Book Cover
Author Yang, Xiaokai.

Title Inframarginal Approach To Trade Theory
Published River Edge : World Scientific Publishing Company, 2005
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Description 1 online resource (539 pages)
Contents Preface; Contents; Part 1 Introduction; CHAPTER 1 DIVISION OF LABOR AND CORNER SOLUTIONS IN POSITIVE TRADE THEORY; 1. Marginalism; 2. Division of Labor vs. Theory of Distribution; 3. Inframarginal Economics; 4. An Inframarginal Approach to Trade Theory; References; Part 2 Origins of Inframarginal Applications to Trade Theory; CHAPTER 2 ECONOMICS AND BIOLOGY: SPECIALIZATION AND SPECIATION*; Summary; References; CHAPTER 3 SUBSTITUTION AND DIVISION OF LABOUR*; 1. Introduction; 2. Indirect Production Functions; 3. Selection and Income Distribution; 4. Conclusion; Acknowledgments; References
2. The General-Equilibrium HO Model with Differences in Technology3. A Re-Appraisal of the Stolper-Samuelson Theorem; 4. Conclusion; References; Part 4 Division of Labor in Models of Trade with Economies of Scale; CHAPTER 9 A RICARDO MODEL WITH ECONOMIES OF SCALE*; Introduction; 1. Some Basic Properties and the Basic Graph; 2. Existence of Solutions; 3. Boundaries of the Region of Equilibria; 4. Filling in; 5. Non-specialized Equilibria; 6. The General Shape of the Region and a Special Case; 7. General Properties of the Model; 8. Summary; Appendix 1; Appendix 2; References
CHAPTER 10 PATTERN OF TRADE AND ECONOMIC DEVELOPMENT IN A MODEL OF MONOPOLISTIC COMPETITION*1. Introduction; 2. The Model and Local Equilibria and Marginal Comparative Statics in Various Trade Structures; 3. General Equilibrium and Inframarginal Comparative Statics; 4. Comparison with the Models with CRS; 5. Concluding Remarks; References; CHAPTER 11 MARKET LED INDUSTRIALIZATION AND GLOBALIZATION*; 1. Introduction; 2. An Extended Murphy-Shleifer-Vishny Model of Industrialization; 3. Extension and Applications; 4. Concluding Remarks; References
CHAPTER 4 TRADE AND INSURANCE WITH MORAL HAZARD*1. Introduction; 2. Individual Risk, Exclusive Insurance; 3. Individual Risk, Unconstrained Insurance; 4. Aggregate Risk, Exclusive Insurance; 5. Concluding comments; Appendix A; Appendix B; Appendix C; References; CHAPTER 5 TRADE AND INSURANCE WITH IMPERFECTLY OBSERVED OUTCOMES*; 1. Introduction; 2. The Model; 3. Unobserved Outcomes; 4. Costly Observation; 5. Concluding Remarks; References; Part 3 Exogenous Comparative Advantage: Corner Solutions in the Heckscher-Ohlin and Ricardian Models of Trade
CHAPTER 6 AN INFRAMARGINAL ANALYSIS OF THE RICARDIAN MODEL*1. Introduction; 2. A Simple 2x2 Ricardian Model and Inframarginal Analysis; 3. A 2x2 Ricardian Model with Tariff; 4. A 3x2 Ricardian Model; 5. Conclusion; References; CHAPTER 7 A RICARDIAN MODEL WITH ENDOGENOUS COMPARATIVE ADVANTAGE AND ENDOGENOUS TRADE POLICY REGIMES*; 1. Introduction; 2. A General Equilibrium Ricardian Model; 3. Endogenous Trade Policy Regime; 4. Conclusion; References; CHAPTER 8 A GENERAL-EQUILIBRIUM RE-APPRAISAL OF THE STOLPER-SAMUELSON THEOREM*; 1. Introduction
Summary Inframarginal analysis represents a methodology that extends marginalanalysis, using non-classical mathematical programming, in efforts toinvestigate corner solutions and indivisibilities. As such thisapproach has been used to reintroduce classical insights regarding thedivision of labor and economic organization to the mainstream ofeconomic inquiry. One of the most prolific and useful relevantapplications of inframarginal analysis concerns the area ofinternational trade theory. The ensuing field of study has attractedconsiderable - and rapidly expanding - interest in recentyears. Yet, little
Notes Part 5 Economies of Specialization and Endogenous Comparative Advantage
Print version record
Form Electronic book
Author Cheng, Wenli.
Shi, Heling, 1965-
ISBN 9789812569257