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The Role of Information in Trade Theory

In: Economic Theory, Welfare and the State

Author

Listed:
  • Murray C. Kemp
  • Shigemi Yabuuchi

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.

Suggested Citation

  • Murray C. Kemp & Shigemi Yabuuchi, 1990. "The Role of Information in Trade Theory," Palgrave Macmillan Books, in: Athanasios Asimakopulos & Robert D. Cairns & Christopher Green (ed.), Economic Theory, Welfare and the State, chapter 7, pages 121-129, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-10911-1_7
    DOI: 10.1007/978-1-349-10911-1_7
    as

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