Increasing returns and international trade: A new approach
We develop a model of international trade with increasing returns to scale by taking into account the possibility of cooperation among agents in an egalitarian economy. It is shown that each country gains from trade in a trading world in which there are arbitrary numbers of increasing-returns-to-scale goods, constant-returns-to-scale goods, factors of production, and countries.
Year of publication: |
1997
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Authors: | Kemp, Murray C. ; Shimomura, Koji |
Institutions: | Fachbereich Wirtschaftswissenschaften, Universität Konstanz |
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