Greenaway, David; Hine, Robert C; Milner, Chris - In: Economic Journal 105 (1995) 433, pp. 1505-18
A large theoretical literature has emerged directed at explaining the presence of intra-industry trade (IIT). One of the distinctions which comes out of these models is that between horizontal IIT (where goods are differentiated by attributes) and vertical IIT (where goods are differentiated by...