Perfect competition and intra-industry trade

被引：3

作者：

Cukrowski, J

Aksen, E

机构：

[1] Univ Finance & Management, PL-15472 Bialystok, Poland

[2] Ctr Social & Econ Res, CASE, PL-00944 Warsaw, Poland

[3] Belarus State Econ Univ, Minsk 220700, BELARUS

来源：

ECONOMICS LETTERS | 2003年 / 78卷 / 01期

关键词：

reasons for trade; intra-industry trade; demand uncertainty; risk aversion; market diversification;

D O I：

10.1016/S0165-1765(02)00170-2

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The paper presents a formal analysis which incorporates risk aversion to international trade. It is shown that risk-averse firms operating in perfectly competitive markets with uncertainty of demand tend to diversify markets which gives a basis for international trade in identical commodities between identical countries. If market demand is elastic enough such trade is welfare improving despite efficiency losses due to cross-hauling and transportation costs. (C) 2002 Elsevier Science B.V. All rights reserved.

引用

页码：101 / 108

页数：8