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  • 标题:Trade Between Countries with Radically Different Preferences
  • 本地全文:下载
  • 作者:Koji Shimomura ; Murray Kemp
  • 期刊名称:Economics Bulletin
  • 电子版ISSN:1545-2921
  • 出版年度:2005
  • 卷号:6
  • 出版社:Economics Bulletin
  • 摘要:We examine the role of radical international differences in preferences in determining patterns of international trade, given that the trading countries share a common technology and identical factor endowment ratios. It is characteristic of our model that the equilibrium autarkic commodity price ratios are unique and negative and that there is a unique positive equilibrium free-trade price ratio, implying that the positive equilibrium free-trade price ratio is not bounded by the equilibrium autarkic price ratios. This finding contrasts sharply with the familiar Torrens-Ricardo and Heckscher-Ohlin propositions
  • 关键词:preferences
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