Hansen Nobel 08 Krugman
Hansen Nobel 08 Krugman
Hansen Nobel 08 Krugman
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
<strong>Krugman</strong> 1979, 1980Countries also trade because they are alikeReplace ”perfect competition” with more realisticStiglitz-Dixit (1977) assumptions• In most of OECD consumer preference for diversity –not for satisfying basic needs• Industries enjoy economies of scale – not diminishingreturnsIntra-industry trade in equilibrium• (In addition to trade due to differences, e.g.agricultural products)Anders Chr. <strong>Hansen</strong> 517.12.20<strong>08</strong>