The Jenovian revolution in international trade theory
Jenovian trade theory was the original species of neoclassical trade theory. It treats countries as trading bodies with utility functions for consumption and disutility functions for labour. Edgeworth derived offer curves from tastes and technology; Jevon's model resembles the modern specific factors model. In this paper their contributions are reviewed and the question of why there was no sucessful Jevonian revolution in trade theory discussed.
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|Date of creation:||01 Jan 1998|
|Date of revision:|
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144, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
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"The Existence of Efficient and Incentive Compatible Equilibria with Public Goods,"
203, California Institute of Technology, Division of the Humanities and Social Sciences.
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- Hurwicz, Leonid, 1979. "On allocations attainable through Nash equilibria," Journal of Economic Theory, Elsevier, vol. 21(1), pages 140-165, August.
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