Anonymous market and group ties in international trade

• 成果类型: Article
• 署名作者: Casella, A; Rauch, JE
• 署名单位: Columbia University; University of California System; University of California San Diego
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/S0022-1996(01)00160-X
• 发表日期: 2002
• 页码: 19-47
• 关键词: Matching; networks; informational barriers; international trade

摘要

History provides many examples of cohesive groups dispersed over several countries who exploit the ties between their members to gain entry into foreign markets. The phenomenon is well-established empirically and noteworthy because it suggests the importance of informational barriers in international transactions, We present a simple model where output is produced through a joint venture, and agents have complete information domestically but are unable to judge the quality of their match abroad. A minority of individuals, otherwise identical to all others, can exploit complete information in international matches between group members, if they so choose. Group ties increase aggregate trade and income, but hurt the anonymous market because they deprive it disproportionately of the group's more productive members. (C) 2002 Elsevier Science B.V. All rights reserved.