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Recent challenges to the classical gains-from-trade proposition
Kemp, Murray C.; Shimomura, Kōji - In: German economic review 3 (2002) 4, pp. 485-489
Persistent link: https://www.econbiz.de/10001712644
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Trade gains in chaotic equilibria
Kemp, Murray C.; Shimomura, Kōji - In: Review of international economics 7 (1999) 3, pp. 403-409
Persistent link: https://www.econbiz.de/10001413486
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Trade gains in chaotic equilibria
Kemp, Murray C.; Shimomura, Kōji - In: Economic growth and international trade, (pp. 45-51). 1999
Persistent link: https://www.econbiz.de/10002011383
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Trade Gains in Chaotic Equilibrium
Kemp, Murray C.; Shimomura, Koji - 1998
In the present note we construct an overlapping-generations (OLG) example in which free trade is Pareto-improving and the world equilibrium chaotic. The example is simple, but it is not incompatible with the general model of Kemp and Wolik
Persistent link: https://www.econbiz.de/10014070866