Taste Asymmetries and Trade Patterns
AbstractWe study trade patterns in a pure exchange economy where preferences are symmetric up to taste intensity parameters. In a 2-person, 2-good endowment economy, then all endowments in a particular Edgeworth box rectangle require trading out of that rectangle. Under strictly quasi-concave preferences, trade will occur away from a larger area of initial endowments. The identified area is larger still when preferences are homothetic and identical up to taste intensity parameters. Implications for the factor price equalization theorem are explored.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Iowa State University, Department of Economics in its series Staff General Research Papers with number 10040.
Date of creation: 20 Sep 2002
Date of revision:
Publication status: Published in Economics Bulletin, June 2003, vol. 4
Contact details of provider:
Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070
Phone: +1 515.294.6741
Fax: +1 515.294.0221
Web page: http://www.econ.iastate.edu
More information through EDIRC
Other versions of this item:
- D5 - Microeconomics - - General Equilibrium and Disequilibrium
- F0 - International Economics - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2002-09-28 (All new papers)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Chambers,Robert G. & Quiggin,John, 2000.
"Uncertainty, Production, Choice, and Agency,"
Cambridge University Press, number 9780521622448, October.
- Samuelson, Paul A & Swamy, S, 1974. "Invariant Economic Index Numbers and Canonical Duality: Survey and Synthesis," American Economic Review, American Economic Association, vol. 64(4), pages 566-93, September.
- Hennessy, David A. & Lapan, Harvey E., 2003.
"Technology Asymmetries, Group Algebra and Multi-Plant Cost Minimization,"
Staff General Research Papers
5103, Iowa State University, Department of Economics.
- David A. Hennessy & Harvey E. Lapan, 2003. "Technology Asymmetries, Group Algebra, and Multiplant Cost Minimization," Economic Inquiry, Western Economic Association International, vol. 41(1), pages 183-192, January.
- Yves Balasko, 1989.
"Equivariant General Equilibrium Theory,"
Research Papers by the Department of Economics, University of Geneva
89.08, Département des Sciences Économiques, Université de Genève.
- Yves Balasko, 1988. "Equivariant General Equilibrium Theory," Research Papers by the Department of Economics, University of Geneva 88.05, Département des Sciences Économiques, Université de Genève.
- Mas-Colell, Andreu & Whinston, Michael D. & Green, Jerry R., 1995. "Microeconomic Theory," OUP Catalogue, Oxford University Press, number 9780195102680.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Stephanie Bridges) The email address of this maintainer does not seem to be valid anymore. Please ask Stephanie Bridges to update the entry or send us the correct address.
If references are entirely missing, you can add them using this form.