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Indivisibilities in the Ricardian model of trade

Research output: Working paper

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Indivisibilities in the Ricardian model of trade. / Soo, Kwok Tong.
Lancaster University, Department of Economics, 2016. (Economics Working Paper Series).

Research output: Working paper

Harvard

Soo, KT 2016 'Indivisibilities in the Ricardian model of trade' Economics Working Paper Series, Lancaster University, Department of Economics.

APA

Soo, K. T. (2016). Indivisibilities in the Ricardian model of trade. (Economics Working Paper Series). Lancaster University, Department of Economics.

Vancouver

Soo KT. Indivisibilities in the Ricardian model of trade. Lancaster University, Department of Economics. 2016 Sept. (Economics Working Paper Series).

Author

Soo, Kwok Tong. / Indivisibilities in the Ricardian model of trade. Lancaster University, Department of Economics, 2016. (Economics Working Paper Series).

Bibtex

@techreport{571f04f156b848febcd7560db30bb985,
title = "Indivisibilities in the Ricardian model of trade",
abstract = "This paper develops a Ricardian model of trade in which there are indivisibilities in both production and consumption. Indivisibilities give rise to new results compared to the standard model with perfectly divisible production and consumption. Production indivisibility may result in complete specialisation even in autarky, while consumption indivisibility may result in consumption heterogeneity even amongst ex ante identical consumers. Indivisibilities lead to efficiency losses relative to the perfectly divisible case.",
keywords = "Ricardian model, CES preferences, indivisible production, indivisible consumption",
author = "Soo, {Kwok Tong}",
year = "2016",
month = sep,
language = "English",
series = "Economics Working Paper Series",
publisher = "Lancaster University, Department of Economics",
type = "WorkingPaper",
institution = "Lancaster University, Department of Economics",

}

RIS

TY - UNPB

T1 - Indivisibilities in the Ricardian model of trade

AU - Soo, Kwok Tong

PY - 2016/9

Y1 - 2016/9

N2 - This paper develops a Ricardian model of trade in which there are indivisibilities in both production and consumption. Indivisibilities give rise to new results compared to the standard model with perfectly divisible production and consumption. Production indivisibility may result in complete specialisation even in autarky, while consumption indivisibility may result in consumption heterogeneity even amongst ex ante identical consumers. Indivisibilities lead to efficiency losses relative to the perfectly divisible case.

AB - This paper develops a Ricardian model of trade in which there are indivisibilities in both production and consumption. Indivisibilities give rise to new results compared to the standard model with perfectly divisible production and consumption. Production indivisibility may result in complete specialisation even in autarky, while consumption indivisibility may result in consumption heterogeneity even amongst ex ante identical consumers. Indivisibilities lead to efficiency losses relative to the perfectly divisible case.

KW - Ricardian model

KW - CES preferences

KW - indivisible production

KW - indivisible consumption

M3 - Working paper

T3 - Economics Working Paper Series

BT - Indivisibilities in the Ricardian model of trade

PB - Lancaster University, Department of Economics

ER -