International trade and national welfare / Murray C. Kemp.

Format:

Book

Author/Creator:

Kemp, Murray C.

Series:

Routledge Studies in the Modern World Economy

Language:

English

Subjects (All):

International trade.

Welfare economics.

Equilibrium (Economics).

Competition.

Competition, Imperfect.

Physical Description:

1 online resource (229 p.)

Edition:

1st ed.

Place of Publication:

London : Routledge, 2001.

Language Note:

English

Summary:

When can a country be said to benefit from free trade?This question has obsessed economists for more than 200 years, and a definitive answer has never been provided. Continuing the influential work begun in The Gains from Trade and the Gains from Aid, (Routledge 1995), Murray Kemp here presents the recent progress he and his co-workers have made in tackling this important question.

Contents:

Cover; Title; Copyright Page; Contents; Acknowledgements; Introduction; PART I The gains from trade under perfect competition; 1 Trade gains: a unified exposition based on duality; 2 Trade gains in chaotic equilibria; 3 The internationalization of the world economy and its implications for national welfare; 4 Trade gains when the opportunity to trade changes the state of information; 5 The gains from trade when markets are endogenous; 6 Quality standards in the theory of customs unions; 7 A second elementary proposition concerning the formation of customs unions

8 A third elementary proposition concerning the formation of customs unions9 The Kemp-Wan theorem in a context of public goods; 10 Welfare comparisons of customs unions and other free trade associations; 11 Partial preferential trading associations; 12 The impossibility of global absolute advantage in the Heckscher-Ohlin model of trade; 13 A simple model of privately profitable but socially useless speculation; 14 An antiquarian note on optimal tariffs; 15 Smuggling and optimal commercial policy; 16 On the evaluation of social income in a dynamic economy: generalizations

PART II The gains from trade under non-perfect competition17 A new approach to the theory of international trade under increasing returns: the two-commodities case; 18 Increasing returns and international trade; 19 Gains from trade in a Cournot-Nash general equilibrium; 20 The Kemp-Wan proposition under increasing returns to scale and oligopolistic competition; 21 The gains from trade for a socialist economy; 22 Voluntary export restraints and economic welfare; PART III Background papers; 23 Some properties of egalitarian economies; 24 The apparently innocuous representative agent

25 Pareto's compensation principleAuthor index; Subject index

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

1-134-59944-7

1-134-59945-5

1-280-40320-9

9786610403202

0-203-42563-4

0-203-45026-4

9780203425633

OCLC:

826853490