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

In: Inframarginal Economics

Author

Listed:
  • Xiaokai Yang

    (University of New South Wales, Australia)

  • Wai-Man Liu

    (University of New South Wales, Australia)

Abstract

The 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

Suggested Citation

  • Xiaokai Yang & Wai-Man Liu, 2008. "Emergence of International Trade from Domestic Trade and Emergence of New Products," World Scientific Book Chapters, in: Inframarginal Economics, chapter 9, pages 237-282, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812837929_0009
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    More about this item

    Keywords

    Inframarginal Economics; Inframarginal Analysis; Division of Labor; Specialization; Network Effects; Smithian Framework; Transaction Costs;
    All these keywords.

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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