The Role of Information in Trade Theory

Murray Kemp and Shigemi Yabuuchi

Chapter 7 in Economic Theory, Welfare and the State, 1990, pp 121-129 from Palgrave Macmillan

Abstract: Abstract In the conventional theory of international trade it is assumed that, world-wide, technical information available to one producer is freely and completely available to every other actual or potential producer; this is the assumption of open access. Evidently the assumption lies at one extreme of a continuum of possibilities. At the other extreme, world-wide, technical information is available to only one producer in each industry; this is the assumption of closed access.

Keywords: International Trade; Technical Information; Conventional Theory; Marginal Revenue; Trade Theory (search for similar items in EconPapers)
Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-10911-1_7

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DOI: 10.1007/978-1-349-10911-1_7

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