As is well known in trade theory, although under certain conditions in higher-dimensional modelsstandard equilibrium solutions can be generated, the direction of trade remains determined, because the specific causal relation between goods prices and factor prices cannot be fixed. In...

Trade policy is normally evaluated according to the standards of allocative efficiency. In contrast, this paper tries to understand trade policy as a solution to the problems of international communication among governments. Basic categories of speech act theory are applied on political action,...

Trade policy is normally evaluated according to the standards of allocative efficiency. In contrast, this paper tries to understand trade policy as a solution to the problems of international communication among governments. Basic categories of speech act theory are applied on political action,...