International Trade in Intermediate and Final Goods: Some Welfare Implications of Destabilized Prices

Darrell Hueth and Andrew Schmitz

The Quarterly Journal of Economics, 1972, vol. 86, issue 3, 351-365

Abstract: I. Introduction, 351. — II. The Massell results, 352.— III. Final product spatial price models, 354. — IV. International welfare, 358. — V. The generalized model, 359. — VI. Price instability in both intermediate and final goods trade, 362. — VII. Summary and conclusions, 364.

Date: 1972
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