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A theory of international trade under uncertainty

Author

Listed:
  • Helpman, Elhanan
  • Razin, Assaf

Abstract

Book 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.

Suggested Citation

  • Helpman, Elhanan & Razin, Assaf, 1978. "A theory of international trade under uncertainty," MPRA Paper 22112, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:22112
    as

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    File URL: https://mpra.ub.uni-muenchen.de/22112/1/MPRA_paper_22112.pdf
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    References listed on IDEAS

    as
    1. 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.
    2. Ruffin, Roy J., 1974. "International trade under uncertainty," Journal of International Economics, Elsevier, vol. 4(3), pages 243-259, August.
    3. 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.
    4. Kemp, Murray C & Liviatan, Nissan, 1973. "Production and Trade Patterns under Uncertainty," The Economic Record, The Economic Society of Australia, vol. 49(126), pages 215-227, June.
    5. 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.
    6. 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.
    7. 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.
    8. D. Cass & J. E. Stiglitz, 1972. "Risk Aversion and Wealth Effects on Portfolios with Many Assets," Review of Economic Studies, Oxford University Press, vol. 39(3), pages 331-354.
    9. Batra, Raveendra N & Russell, William R, 1974. "Gains from Trade Under Uncertainty," American Economic Review, American Economic Association, vol. 64(6), pages 1040-1048, December.
    10. Stephen J. Turnovsky, 1974. "Technological and Price Uncertainty in a Ricardian Model of International Trade," Review of Economic Studies, Oxford University Press, vol. 41(2), pages 201-217.
    11. K. J. Arrow, 1964. "The Role of Securities in the Optimal Allocation of Risk-bearing," Review of Economic Studies, Oxford University Press, vol. 31(2), pages 91-96.
    12. 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.
    13. Sandwip K. Das, 1977. "Uncertainty and the Heckscher-Ohlin Theorem: A Comment," Review of Economic Studies, Oxford University Press, vol. 44(1), pages 189-190.
    14. Ruffin, Roy J., 1974. "Comparative advantage under uncertainty," Journal of International Economics, Elsevier, vol. 4(3), pages 261-273, August.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    incomplete markets; risk sharing; incomplete specialization;

    JEL classification:

    • F00 - International Economics - - General - - - General
    • F0 - International Economics - - General
    • F30 - International Economics - - International Finance - - - General

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