Emergence of International Trade from Domestic Trade and Emergence of New Products

Xiaokai Yang and Wai-Man Liu
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Wai-Man Liu: University of New South Wales, Australia

Chapter 9 in Inframarginal Economics, 2008, pp 237-282 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:Endogenous Trade Theory and Endogenous Number of Consumer GoodsA Smithian Trade Model with Fixed Learning CostsHow are Demand and Supply Functions Determined by Individuals' Levels of Specialization?Inframarginal Comparative Statics of the Optimum DecisionsHow is the Level of Division of Labor in Society Determined in the Market?Inframarginal Comparative Statics of General Equilibrium and Many Concurrent Economic PhenomenaEmergence of International Trade from Domestic TradeComovement of Division of Labor and Consumption VarietyTrade off Between Economies of Specialization and Coordination CostsA Neoclassical Model Endogenizing the Number of Consumption Goods on the Basis of the Trade off Between Economies of Scale and Consumption VarietyAn Extended Murphy-Shleifer-Vishny Model with Compatibility between Economies of Scale and Competitive MarketFurther ReadingExercises

Keywords: Inframarginal Economics; Inframarginal Analysis; Division of Labor; Specialization; Network Effects; Smithian Framework; Transaction Costs (search for similar items in EconPapers)
JEL-codes: O30 (search for similar items in EconPapers)
Date: 2008
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