TRADE PATTERNS AND GAINS FROM TRADE WITH AN INTERMEDIATE GOOD PRODUCED UNDER INCREASING RETURNS TO SCALE
成果类型：
Article
署名作者：
ISHIKAWA, J
署名单位：
Hitotsubashi University
刊物名称：
JOURNAL OF INTERNATIONAL ECONOMICS
ISSN/ISSBN：
0022-1996
DOI：
10.1016/0022-1996(92)90036-J
发表日期：
1992
页码：
57-81
关键词：
摘要：
This paper considers a model with one primary factor, one intermediate good, and two final goods. Increasing returns to scale are introduced into the production of the intermediate good to analyze trade patterns and gains from trade with two assumptions about the market structure of the intermediate good: average cost pricing and monopoly. Free trade does not necessarily lead to gains for the economy and either specialization or multiple equilibria are obtained. This paper also provides interesting comparisons between the types of market structure, showing, for example, that monopoly can be preferred to average cost pricing.