[PDF] Product Differentiation And Foreign Trade In Cge Models Of Small Economies eBook

Author : Jaime De Melo
Publisher : World Bank Publications
Page : 44 pages
File Size : 45,64 MB
Release : 1989
Category : Commercial products
ISBN :

GET BOOK

In a simple, one -sector analytical model, the authors show that applying the same assumption about product differentiation to imports as to exports gives rise to a well -behaved, price -taking economy and normally shaped offer curves.

Author : Mary E. Burfisher
Publisher : Cambridge University Press
Page : 443 pages
File Size : 43,55 MB
Release : 2016
Category : Business & Economics
ISBN : 1107132207

GET BOOK

The book provides a hands-on introduction to computable general equilibrium (CGE) models, written at an accessible, undergraduate level.

Author : John Beath
Publisher : Cambridge University Press
Page : 220 pages
File Size : 31,92 MB
Release : 1991-02-22
Category : Business & Economics
ISBN : 9780521335522

GET BOOK

There are few industries in modern market economies that do not manufacture differentiated products. This book provides a systematic explanation and analysis of the widespread prevalence of this important category of products. The authors concentrate on models in which product selection is endogenous. In the first four chapters they consider models that try to predict the level of product differentiation that would emerge in situations of market equilibrium. These market equilibria with differentiated products are characterised and then compared with social welfare optima. Particular attention is paid to the distinction between horizontal and vertical differentiation as well as to the related issues of product quality and durability. This book brings together the most important theoretical contributions to these topics in a succinct and coherent manner. One of its major strengths is the way in which it carefully sets out the basic intuition behind the formal results. It will be useful to advanced undergraduate and graduate students taking courses in industrial economics and microeconomic theory.

Author : Lorenzo Caliendo
Publisher :
Page : 0 pages
File Size : 40,63 MB
Release : 2022
Category : Commerce
ISBN :

GET BOOK

We derive a small open economy (SOE) as the limit of an economy as the number or size of its trading partners goes to infinity and trade costs also go to infinity. We obtain this limit in the Armington, Eaton-Kortum, Krugman, and Melitz models. In all cases, the trade of the SOE with the foreign countries approaches a finite limit, and the domestic expenditure share for the SOE approaches a limit that is not zero or unity. The foreign countries can be either infinitely many SOEs, or alternatively, one or many large countries with domestic expenditure shares that approach unity. We illustrate the usefulness of this framework by obtaining a formula for the optimal tariff in the SOE -- depending on the elasticity of domestic wages with respect to the tariff -- that is consistent with all models.