## On the Existence of Equilibrium in a Model of International Trade with Fixed Tariff-subsidy Distortions |

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### Contents

THE MODEL AND ITS EQUILIBRLA | 14 |

CONTINUITY AND DEMAND | 34 |

SOME EXISTENCE THEOREMS | 40 |

2 other sections not shown

### Common terms and phrases

accounting prices action for agent assumptions autarky bounded choice Chipman commodity comparative static competitive equilibrium competitive solution constant costs convex subset corner solutions defined demand correspondence demand mapping distorted price ratio distortion equilibrium equilibrium action equilibrium consumption actions example excess demand excess supply existence of equilibrium existence proof existence theorem Figure ﬁn fixed distortion fixed point fixed production point fixed tariff fixed tariff-subsidy distortion Gale 9 i-th agent image sets implies income adjustment indifference curves international market international price vector lump sum tax monotone preferences Nikaido 19 Nikaido's Lemma non-negative nonempty offer curves Pareto optimal physical units pi p;d potential consumption equilibria production agent production possibility set relative prices set of equilibrium set Yi specific export subsidies subsidy distortions subsidy equilibrium tax or subsidy trade model trading curves tuple upper semi-continuous utility function valorem distortions vector of international