Published in:CESifo Working Paper Series ; No. 1764
Extent:
1 Online-Ressource (25 p)
Language:
English
DOI:
10.2139/ssrn.922670
Identifier:
Origination:
Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 2006 erstellt
Description:
We develop a simple two-country model of international trade that assumes that there is a fixed cost of doing international trade. We show that this leads to multiple equilibria that can be Pareto-ranked. We examine the stability properties of these equilibria