Intermediation and Economic Integration

Pol Antras and Arnaud Costinot

No 15751, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: The theory of international trade has paid scant attention to market institutions. Neither neoclassical theory nor new trade models typically specify the process by which supply and demand meet. Yet in the real world, intermediaries play a central role in materializing the gains from exchange outlined by standard trade theories. In Antràs and Costinot (2010), we have developed a stylized but explicit model of intermediation in trade. In this short paper, we present a variant of this model that illustrates the potential role of intermediaries in facilitating the realization of the gains from trade.

JEL-codes: D3 D4 F10 F15 O1 (search for similar items in EconPapers)
Date: 2010-02
New Economics Papers: this item is included in nep-int and nep-opm
Note: ITI
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (20)

Published as Pol Antrás & Arnaud Costinot, 2010. "Intermediation and Economic Integration," American Economic Review, American Economic Association, vol. 100(2), pages 424-28, May.

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Journal Article: Intermediation and Economic Integration (2010)
Working Paper: Intermediation and Economic Integration (2010)
Working Paper: Intermediation and Economic Integration (2010)
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