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A Ricardian Model with Endogenous Comparative Advantage and Endogenous Trade Policy Regimes
(Center for International Development at Harvard University, 1999-04)
This paper develops a general equilibrium model with transaction costs and endogenous and exogenous comparative advantages. In the model, the governments are allowed to choose between tariff war, tariff negotiation, and ...
An Inframarginal Analysis of the Heckscher-Olin Model with Transaction Costs and Technological Comparative Advantage
(Center for International Development at Harvard University, 1999-04)
In the paper we introduce technological comparative advantage and transaction costs into the Heckscher-Olin (HO) model and refine the HO theorem, the Stolper-Samuelson theorem, the Rybczynski theorem, and factor equalization ...
An Infra-marginal Analysis of the Ricardian Model
(Center for International Development at Harvard University, 1999-04)
This paper applies the infra-marginal analysis, which is a combination of marginal and total cost-benefit analysis, to the Ricardian model. It demonstrates that the rule of marginal cost pricing does not always hold. It ...