Theory of International Trade: A Dual, General Equilibrium Approach (Cambridge Economic Handbooks) [Hardcover]

Avinash Dixit (Author), Victor Norman (Author)

Book Description

Series: Cambridge Economic Handbooks | Publication Date: September 30, 1980

This book expounds trade theory emphasizing that a trading equilibrium is general rather than partial, and is often best modelled using dual or envelope functions. This yields a compact treatment of standard theory, clarifies some errors and confusions, and produces some new departures. In particular, the book (i) gives unified treatments of comparative statics and welfare, (ii) sheds new light on the factor-price equalization issue, (iii) treats the modern specific-factor model in parallel with the usual Heckscher-Ohlin one, (iv) analyses the balance of payments in general equilibrium with flexible and fixed prices, (v) studies imperfect competition and intra-industry trade.

Editorial Reviews

Book Description

This book emphasizes that a trading equilibrium is general rather than partial, and is often best modeled using dual or envelope functions.

Product Details

• Hardcover: 350 pages
• Publisher: Cambridge University Press (September 30, 1980)
• Language: English
• ISBN-10: 0521234816
• ISBN-13: 978-0521234818
• Product Dimensions: 8.5 x 5.4 x 1 inches
• Shipping Weight: 1.2 pounds
• Average Customer Review: 4.0 out of 5 stars  See all reviews (1 customer review)
• Amazon Best Sellers Rank: #9,832,326 in Books (See Top 100 in Books)

More About the Author

Avinash K. Dixit is John J.F. Sherrerd University Professor of Economics at Princeton University, where he offers his popular freshman course in game theory. He is among the world's leading economists, having made fundamental contributions in several major fields, including Game Theory. He is world famous. He is the author of many books, including "Thinking Strategically" (Norton, 1991), "Investment Under Uncertainty" (Princeton UP, 1994), and "The Art of Strategy" (Norton, 2009).

Customer Reviews

Most Helpful Customer Reviews

5 of 5 people found the following review helpful:

4.0 out of 5 stars A good book for international trade, but not perfect, February 1, 2004

By 

SamBK (United States) - See all my reviews

This review is from: Theory of International Trade: A Dual, General Equilibrium Approach (Cambridge Economic Handbooks) (Paperback)

The book gets into rather good discusion of basic models, equilibrium and more advanced topics. The math level of the book is at a graduate level and many of the results are done with enough details, discussion and algebra. However, the book suffers from lack of algebra and enough reasoning in the first chapters where it is describing basic models. The notation of the book is sometimes confusing too (I think this problem exists in all of the books about international trade). Besides, the book is rather old and may be missing some topics. A complementarity text for this book is recommended.