On the Existence and Characterization of Unequal Exchange in the Free Trade Equilibrium

被引：1
|
作者：
Yoshihara, Naoki [1 ,2 ,3 ]
Kaneko, Soh [4 ]
机构：
[1] Univ Massachusetts, Dept Econ, Thompson Hall,200 Hicks Way, Amherst, MA 01003 USA
[2] Hitotsubashi Univ, Inst Econ Res, 2-1 Naka, Kunitachi, Tokyo 1868603, Japan
[3] Kochi Univ Technol, Sch Management, Kami City, Kochi 7828502, Japan
[4] Keio Univ, Fac Econ, Minato Ku, Mita 2-15-45, Tokyo 1088345, Japan
来源：
METROECONOMICA | 2016年 / 67卷 / 02期
关键词：
EXPLOITATION;
D O I：
10.1111/meca.12125
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
As in Roemer (, chapter 1), this article considers a simple international trade model and examines the existence and characterization of free trade equilibria involving the unequal exchange of labor (UE). The article provides an almost complete characterization of the domain of economies in which free trade equilibria with incomplete specialization exist. Moreover, the necessary and sufficient conditions for free trade equilibrium to involve UE is identified. It suggests that the emergence of free trade equilibria with UE cannot be entailed by the competitive mechanism of markets and unequal distribution of wealth alone, but might be understood as an outcome of equilibrium selection on the basis of Nash bargaining between rich and poor nations.
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页码：210 / 241
页数：32
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