In an economy where the time preference rate is sufficiently decreasing in individual consumption, Chen and Hsu (2007) find that a consumption admiration effect can be a source of local indeterminacy, whereby average consumption flows exert a positive external effect on an individual's utility....

Applying Atkeson and Kehoe's (2000) dynamic model to the dynamic Chamberlin-Heckscher-Ohlin approach, we examine the role of the timing of development (e.g., the removal of trade barriers) as a determinant of trade patterns.

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...

Applying Atkeson and Kehoe's (2000) dynamic model to the dynamic Chamberlin-Heckscher-Ohlin approach, we examine the role of the timing of development (e.g., the removal of trade barriers) as a determinant of trade patterns.

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...