A theory of international trade under uncertainty
AbstractBook delves with the puzzle that assets play important role in the theory of international finance but hardly any any role in the theory of international trade. Where this dichotomy comes from? Main feature is that trade in assets may interact in an important ways with trade in goods and services. The book develops a theory that clarified these interactions. It should also help in the understanding of the effects of capital-market policies on trade in goods and assets.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 22112.
Date of creation: 1978
Date of revision:
incomplete markets; risk sharing; incomplete specialization;
Find related papers by JEL classification:
- F00 - International Economics - - General - - - General
- F0 - International Economics - - General
- F30 - International Economics - - International Finance - - - General
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- J. N. Bhagwati & T. N. Srinivasan, 1975.
"Optimal Trade Policy and Compensation Under Endogenous Uncertainty: The Phenomenom of Market Disruption,"
164, Massachusetts Institute of Technology (MIT), Department of Economics.
- Bhagwati, Jagdish N. & Srinivasan, T. N., 1976. "Optimal trade policy and compensation under endogenous uncertainty: The phenomenon of market disruption," Journal of International Economics, Elsevier, vol. 6(4), pages 317-336, November.
- Steinar Ekern & Robert Wilson, 1974. "On the Theory of the Firm in an Economy with Incomplete Markets," Bell Journal of Economics, The RAND Corporation, vol. 5(1), pages 171-180, Spring.
- Ethier, Wilfred, 1974. "Some of the theorems of international trade with many goods and factors," Journal of International Economics, Elsevier, vol. 4(2), pages 199-206, May.
- Cass, David & Stiglitz, Joseph E, 1972. "Risk Aversion and Wealth Effects on Portfolios with Many Assets," Review of Economic Studies, Wiley Blackwell, vol. 39(3), pages 331-54, July.
- Turnovsky, Stephen J, 1974. "Technological and Price Uncertainty in a Ricardian Model of International Trade," Review of Economic Studies, Wiley Blackwell, vol. 41(2), pages 201-17, April.
- Das, Sandwip K, 1977. "Uncertainty and the Heckscher-Ohlin Theorem: A Comment," Review of Economic Studies, Wiley Blackwell, vol. 44(1), pages 189-90, February.
- Batra, Raveendra N & Russell, William R, 1974. "Gains from Trade Under Uncertainty," American Economic Review, American Economic Association, vol. 64(6), pages 1040-48, December.
- Anderson, James E & Riley, John G, 1976.
"International Trade with Fluctuating Prices,"
International Economic Review,
Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 17(1), pages 76-97, February.
- Kemp, Murray C & Liviatan, Nissan, 1973. "Production and Trade Patterns under Uncertainty," The Economic Record, The Economic Society of Australia, vol. 49(126), pages 215-27, June.
- Ruffin, Roy J., 1974. "International trade under uncertainty," Journal of International Economics, Elsevier, vol. 4(3), pages 243-259, August.
- Ruffin, Roy J., 1974. "Comparative advantage under uncertainty," Journal of International Economics, Elsevier, vol. 4(3), pages 261-273, August.
- Hart, Oliver D., 1975. "On the optimality of equilibrium when the market structure is incomplete," Journal of Economic Theory, Elsevier, vol. 11(3), pages 418-443, December.
- Kemp, Murray C. & Ohyama, Michihiro, 1978. "The gain from free trade under conditions of uncertainty," Journal of International Economics, Elsevier, vol. 8(1), pages 139-141, February.
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