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The Gains from Trade and the Gains from Aid : Essays in International Trade Theory - Murray C. Kemp

The Gains from Trade and the Gains from Aid

Essays in International Trade Theory

Hardcover

Published: 6th December 1995
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The Gains from Trade and the Gains From Aidis a record of the progress made by Murray C. Kemp and his co-workers in addressing normative trade theory over the past 35 years. They have responded to a question Adam Smith posed more than 200 years ago: "When does acountry benefit from free trade?"The Gains from Trade and the Gains From Aidproduces saome satisfyingly general answers. Kemp focuses on the normative side of trade theory with an emphasis on the Pareto optimality. The book discusses trade under perfect competition, restricted trade under perfect competition, trade under imperfect competition and other distortions, compensation and international trade. This is an invaluable guide for those interested in the social consequences of international trade and aid.

Introductionp. ix
The Gains from Free Trade Under Perfect Competitionp. 1
The Gain from International Tradep. 3
The Gains from Free Tradep. 21
An Elementary Proposition Concerning the Formation of Customs Unionsp. 37
The Comparison of Second-Best Equilibriap. 41
The Gains from Trade When Markets Are Possibly Incompletep. 47
Notesp. 70
The Gains from Free Trade for a Monetary Economyp. 73
Notesp. 77
The Gains from Trade for a Monetary Economy When Markets Are Possibly Incompletep. 78
Notesp. 99
Trade Gains in a Pure Consumption-Loan Modelp. 101
Referencesp. 104
Gains from Trade with Overlapping Generationsp. 105
The Gains from International Trade in a Context of Overlapping Generationsp. 129
The Welfare Gains from International Migrationp. 147
The Problem of Survivalp. 152
The International Diffusion of the Fruits of Technical Progressp. 160
The Gains from Restricted Trade Under Perfect Competitionp. 165
On the Sharing of Trade Gains by Resource-Poor and Resource-Rich Countriesp. 167
The Interaction of Resource-Rich and Resource-Poor Economiesp. 189
The Gains from Trade Under Imperfect Competition and Other Distortionsp. 201
Some Issues in the Analysis of Trade Gainsp. 203
Variable Returns to Scale, Commodity Taxes, Factor-Market Distortions and Their Implications for Trade Gainsp. 218
Variable Returns to Scale, Non-Uniqueness of Equilibrium and the Gains from International Tradep. 230
The Gains from International Trade Under Imperfect Competitionp. 242
Notesp. 252
The International Diffusion of the Fruits of Technical Progress Under Imperfect Competitionp. 253
Does the Set of Imperfectly Competitive General Equilibria Depend on the Choice of Price Normalization?p. 271
Learning by Doingp. 274
Compensation: Lumpsum, Non-Lumpsum or Neither?p. 283
Gains from Trade with and Without Lumpsum Compensationp. 285
On Lumpsum Compensationp. 296
Notesp. 315
Lumpsum Compensation in a Context of Incomplete Marketsp. 317
Notesp. 322
Lumpsum Compensation in a Context of Overlapping Generationsp. 323
Referencesp. 329
International Aidp. 331
The Static Welfare Economics of Foreign Aidp. 333
Conditions for the Local Impotence of Lumpsum Transfers to Effect a Redistribution of Welfare Between Nationsp. 356
The Transfer Problem in a Context of Public Goodsp. 360
On the Optimal Timing of Foreign Aidp. 365
'Trade' or 'Aid'?p. 379
Author Indexp. 394
Subject Indexp. 397
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780415130387
ISBN-10: 0415130387
Audience: Tertiary; University or College
Format: Hardcover
Language: English
Number Of Pages: 398
Published: 6th December 1995
Country of Publication: GB
Dimensions (cm): 23.37 x 15.75  x 3.56
Weight (kg): 0.75
Edition Number: 1