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A New Theory Of Demand And Supply And Emergence Of International Trade From Domestic Trade

In: An Inframarginal Approach To Trade Theory

Author

Listed:
  • Xiaokai Yang

    (Monash University, Australia and Harvard University, USA)

Abstract

The following sections are included:IntroductionThe ModelThe Equilibrium Level of Division of LaborAn individual's optimal decision of level of specializationEquilibrium and its comparative staticsA Modified Version with the CES Utility FunctionImplications for Microeconomics, Trade Theory and Development EconomicsOrganizational efficiency versus allocative efficiencyEmergence of international trade from domestic tradeTrade policy: laissez-faire versus protectionismGrowth implications of policy to birth controlExplaining the Linder-type trading patternConcluding RemarksReferences

Suggested Citation

  • Xiaokai Yang, 2005. "A New Theory Of Demand And Supply And Emergence Of International Trade From Domestic Trade," World Scientific Book Chapters, in: An Inframarginal Approach To Trade Theory, chapter 14, pages 291-323, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812569257_0014
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