Theory of International Trade: A Dual, General Equilibrium Approach (Cambridge Economic Handbooks),Used

Theory of International Trade: A Dual, General Equilibrium Approach (Cambridge Economic Handbooks),Used

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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 factorprice equalization issue, (iii) treats the modern specificfactor model in parallel with the usual HeckscherOhlin one, (iv) analyses the balance of payments in general equilibrium with flexible and fixed prices, (v) studies imperfect competition and intraindustry trade.

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Frequently Asked Questions

  • Q: What is the main focus of 'Theory of International Trade'? A: The book emphasizes that trading equilibrium is general rather than partial, often best modeled using dual or envelope functions.
  • Q: Who is the author of this book? A: The author of 'Theory of International Trade' is Avinash Dixit.
  • Q: When was the book published? A: The book was published on September 30, 1980.
  • Q: How many pages does this book have? A: The book contains 352 pages.
  • Q: What topics are covered in this book? A: It covers comparative statics, welfare, factor-price equalization, specific-factor models, balance of payments, imperfect competition, and intra-industry trade.
  • Q: Is this book suitable for beginners in economics? A: While the book provides comprehensive insights, it may be more suitable for readers with some prior knowledge of economic theories.
  • Q: What is the binding type of this book? A: The book is available in paperback binding.
  • Q: Can this book help with understanding general equilibrium in trade? A: Yes, the book analyses general equilibrium concepts, particularly in the context of trade theory.
  • Q: Does the book address modern economic models? A: Yes, it treats the modern specific-factor model alongside the Heckscher-Ohlin model.
  • Q: What is the condition of the book? A: The book is in new condition.