Market Structure and Foreign Trade: Increasing Returns, Imperfect Competition, and the International EconomyMarket Structure and Foreign Trade presents a coherent theory of trade in the presence of market structures other than perfect competition. The theory it develops explains trade patterns, especially of industrial countries, and provides an integration between trade and the role of multinational enterprises. Relating current theoretical work to the main body of trade theory, Helpman and Krugman review and restate known results and also offer entirely new material on contestable markets, oligopolies, welfare, and multinational corporations, and new insights on external economies, intermediate inputs, and trade composition. |
Other editions - View all
Market Structure and Foreign Trade: Increasing Returns, Imperfect ... Elhanan Helpman,Paul Krugman No preview available - 1987 |
Market Structure and Foreign Trade: Increasing Returns, Imperfect ... Elhanan|Krugman Helpman (Paul) No preview available - 1987 |
Market Structure and Foreign Trade: Increasing Returns, Imperfect ... Elhanan Helpman,Paul R. Krugman No preview available - 1987 |
Common terms and phrases
allocation analysis assume assumption autarky average cost chapter constant returns consumption contestable markets cost function demand function describes differences in factor differences in relative differentiated products economies of scale elasticity of demand endowment point external effects factor content factor price equalization factor proportions factor rewards factor services factors of production figure foreign country gains from trade headquarter services Helpman Hence home country homothetic imperfectly competitive implies important increasing returns industry integrated economy integrated equilibrium intermediate inputs intersectoral intrafirm trade intraindustry trade larger manufactured products manufacturing sector marginal cost marginal revenue middle products monopolistic competition multinational corporations nontraded number of firms number of varieties output level output per firm pattern of trade price equalization set production function profits relative country relative factor endowments represented returns to scale share of intraindustry symmetrical equilibrium trade patterns trading equilibrium transport costs volume of trade world economy X₁