Journal ArticleDOI
Some implications of non-homotheticity in production in a two-sector general equilibrium model with monopolistic competition
TLDR
In this paper, a generalized version of the traditional two-sector, two-factor model underlying the Heckscher-Ohlin theory is considered, and the main focus is on how nonhomotheticity in this sector's technology affects the dual equilibrium relationships between factor and commodity relative prices.About:
This article is published in Journal of International Economics.The article was published on 1983-02-01. It has received 25 citations till now. The article focuses on the topics: Monopolistic competition & General equilibrium theory.read more
Citations
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Book ChapterDOI
Chapter 7 Increasing returns, imperfect markets, and trade theory
TL;DR: In this paper, the authors surveyed the theory of international trade in the presence of economies of scale and monopolistic competition, with an emphasis on predictions of trade patterns and gains from trade.
Journal ArticleDOI
De-industrialization and entrepreneurship under monopolistic competition
TL;DR: In this article, the authors proposed a new mechanism to explain de-industrialization in response to a price increase of the manufactured good, where one sector (agriculture) is perfectly competitive whilst the other (manufacturing) is monopolistically competitive.
Journal ArticleDOI
Commercial Policy and Dynamic Adjustment Under Monopolistic Competition
TL;DR: The authors explore liberalization of trade in differentiated commodities using a model featuring monopolistic competition and capital accumulation and identify a mechanism of cumulative causation in investment and an associated externality leading to under-accumulation.
Journal ArticleDOI
Tariffs and capacity utilization by monopolistically competitive firms
TL;DR: In this article, the effect of a tariff imposed on a monopolistically competitive (MC) sector on firm output in a 2 × 2 ×2 model with nonhomothetic technology was examined.
Posted Content
Trading Tasks: A Dynamic Theory of Offshoring
TL;DR: In this paper, a firm's offshoring decision is governed by production cost savings, but also considers potential imitation risk, and it is shown that such a consideration reduces the level of off-shoring compared to a static optimization.
References
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Journal ArticleDOI
Monopolistic competition and optimum product diversity
Avinash Dixit,Joseph E. Stiglitz +1 more
TL;DR: In this article, Pettengill tests whether there is an excessive number of firms in a monopolistically competitive equilibrium by a device of considerable expository merit, and redistributes the resources thus released equally over the remaining firms in the sector, to see if welfare can be improved.
Posted Content
Scale Economies, Product Differentiation, and the Pattern of Trade
TL;DR: In this article, the authors present a simple formal analysis which incorporates these elements, and show how it can be used to shed some light on some issues which cannot be handled in more conventional models.
Journal ArticleDOI
Increasing returns, monopolistic competition, and international trade
TL;DR: The authors developed a simple, general equilibrium model of non-comparative advantage trade and showed that trade and gains from trade will occur, even between countries with identical tastes, technology, and factor endowments.
Book
Theory of international trade
TL;DR: In this article, the authors expound trade theory emphasizing that a trading equilibrium is general rather than partial, and is often best modelled using dual or envelope functions, and give unified treatments of comparative statics and welfare, sheds new light on the factor-price equalization issue, and treats the modern specific-factor model in parallel with the usual Heckscher-Ohlin one.
Journal ArticleDOI
International trade in the presence of product differentiation, economies of scale and monopolistic competition: A Chamberlin-Heckscher-Ohlin approach
TL;DR: In this paper, the authors present a generalization of the Heckscher-Ohlin theory by admitting the existence of sectors in which there is monopolistic competition and show that the intersectoral pattern of trade can be predicted from factor endowments but not from pre-trade commodity prices or factor rewards.