Difficulty of Existing International Trade Models in Incorporating Consumption-Leisure Trade-Off

This paper argues that consumption-leisure tradeoff is difficult to include in several popular international trade models. The ones discussed are one of the Krugman's New Trade Theory models and the Eaton-Kortum trade model, and in these models, once consumption-leisure tradeoff is included, there are multiple equilibria

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Year of publication:	2016
Authors:	Kim, Bryce
Publisher:	[2016]: [S.l.] : SSRN
Subject:	Außenwirtschaftstheorie \| International economics

Extent:	1 Online-Ressource (4 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 4, 2016 erstellt
Other identifiers:	10.2139/ssrn.2804659 [DOI]
Classification:	F11 - Neoclassical Models of Trade ; F12 - Models of Trade with Imperfect Competition and Scale Economies ; F41 - Open Economy Macroeconomics ; F42 - International Policy Coordination and Transmission
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012987542