Price Adjustments and Multiregional Rigidities in the Analysis of World Trade

Johansson B & Batten DF (1983). Price Adjustments and Multiregional Rigidities in the Analysis of World Trade. IIASA Working Paper. IIASA, Laxenburg, Austria: WP-83-110

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Abstract

This paper reviews a set of approaches to modeling interregional and international trade flows. It also suggests a framework which is capable of combining price formation mechanisms with factors which cause resistance to change and barriers to trade. In certain respects the framework adheres to the Takayama-Judge tradition, but differs by using a probabilistic framework which generates equilibrium solutions which are not perfect competition equilibria.

Item Type: Monograph (IIASA Working Paper)
Research Programs: Regional Issues Program (RUD)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 01:53
Last Modified: 21 Jul 2016 20:13
URI: http://pure.iiasa.ac.at/2202

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