Arbeitspapier
On the existence and characterization of unequal exchange in the free trade
As in Roemer (1982, chapter 1), this paper considers a simple international trade model and examines the existence and characterization of free trade equilibria involving the unequal exchange of labor (UE). The paper 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.
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Paper ; No. 2016-04
- Classification
-
Wirtschaft
Equity, Justice, Inequality, and Other Normative Criteria and Measurement
Exchange and Production Economies
- Subject
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Unequal exchange of labor
International division of labor
Subsistence international economies
Internationale Arbeitsteilung
Handelsliberalisierung
Arbeitsmobilität
Faktorproportionentheorem
Marxismus
Theorie
- Event
-
Geistige Schöpfung
- (who)
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Yoshihara, Naoki
Kaneko, Soh
- Event
-
Veröffentlichung
- (who)
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University of Massachusetts, Department of Economics
- (where)
-
Amherst, MA
- (when)
-
2016
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Yoshihara, Naoki
- Kaneko, Soh
- University of Massachusetts, Department of Economics
Time of origin
- 2016
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