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
收藏
页码：101 / 108
页数：8
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