On some properties of a trade closure widely used in numerical modelling

Bhattarai, Keshab; Ghosh, Madanmohan; Whalley, John

Abstract

Armington trade models with price taking behaviour and CET and CES functions may have perverse offer curves and Nash equilibria in tariff games may not exist in the two-country case.

Citation

Bhattarai, K., Ghosh, M., & Whalley, J. (1999). On some properties of a trade closure widely used in numerical modelling. Economics letters, 62(1), 13-21. https://doi.org/10.1016/s0165-1765%2898%2900187-6

• Journal Article Type: Article
• Acceptance Date: Jun 25, 1998
• Online Publication Date: Jan 25, 1999
• Publication Date: Jan 1, 1999
• Deposit Date: Feb 16, 2021
• Journal: Economics Letters
• Print ISSN: 0165-1765
• Publisher: Elsevier
• Peer Reviewed: Peer Reviewed
• Volume: 62
• Issue: 1
• Pages: 13-21
• DOI: https://doi.org/10.1016/s0165-1765%2898%2900187-6
• Keywords: Closure; General equilibrium; Offer curve; Trade
• Public URL: https://hull-repository.worktribe.com/output/3564563