Trade and Security, 1:Anarchy.

Market exchange is subject to an endogenously-determined level of predation which impedes specialization and gains from trade. Utility-maximizing agents opt between careers in specialized production and careers in predation. Three types of equilibria may emerge, autarky, an insecure exchange equilibrium, or a secure exchange equilibrium.

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Year of publication:	1997
Authors:	Anderson, J-E ; Marcouiller, D
Institutions:	Institutet för Näringslivsforskning (IFN)
Subject:	TRADE \| ECONOMIC EQUILIBRIUM

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Series:	Research Institute of Industrial Economics Working Papers.
Type of publication:	Book / Working Paper
Notes:	36 pages
Classification:	F1 - Trade ; D58 - Computable and Other Applied General Equilibrium Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005486504