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On the Choice of Numeraire and Certainty Price in General Equilibrium Models of Price Uncertainty

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  • John S. Flemming
  • Stephen J. Turnovsky
  • Murray C. Kemp

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  • John S. Flemming & Stephen J. Turnovsky & Murray C. Kemp, 1977. "On the Choice of Numeraire and Certainty Price in General Equilibrium Models of Price Uncertainty," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 44(3), pages 573-583.
    • Handle: RePEc:oup:restud:v:44:y:1977:i:3:p:573-583.
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    File URL: http://hdl.handle.net/10.2307/2296909
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    Cited by:

    1. James Gaisford & Olena Ivus, 2014. "Should Smaller Countries Be More Protectionist? The Diversification Motive for Tariffs," Review of International Economics, Wiley Blackwell, vol. 22(4), pages 845-862, September.
    2. Nuno Limão & Giovanni Maggi, 2018. "Uncertainty and Trade Agreements," World Scientific Book Chapters, in: Policy Externalities and International Trade Agreements, chapter 3, pages 47-88, World Scientific Publishing Co. Pte. Ltd..
    3. Jonathan Eaton & Gene M. Grossman, 1985. "Tariffs as Insurance: Optimal Commercial Policy When Domestic Markets Are Incomplete," Canadian Journal of Economics, Canadian Economics Association, vol. 18(2), pages 258-272, May.
    4. S. Lael Brainard, 1991. "Protecting Losers: Optimal Diversification, Insurance, and Trade Policy," NBER Working Papers 3773, National Bureau of Economic Research, Inc.
    5. Richard Mash, 1996. "Supply flexibility and insurance under commodity market instability," Economics Series Working Papers WPS/1996-10, University of Oxford, Department of Economics.
    6. Coleman, Jonathan R. & Jones, Chris, 1992. "Measuring welfare changes from commodity price stabilization in small open economies," Policy Research Working Paper Series 1021, The World Bank.
    7. Wright, Brian D. & Williams, Jeffrey C., 1986. "Measurement of Consumer Gains from Market Stabilization," CUDARE Working Papers 198343, University of California, Berkeley, Department of Agricultural and Resource Economics.
    8. Willmann, Gerald & Debaere, Peter & Glaser, Toni, 2015. "Choosing between Protectionism and Free Trade in an Uncertain World," CEPR Discussion Papers 10625, C.E.P.R. Discussion Papers.
    9. İpek Çınar & Robert Gulotty, 2022. "Negotiating exclusion: Regulatory barriers in preferential trade agreements," Economics and Politics, Wiley Blackwell, vol. 34(1), pages 192-220, March.

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