Intermediation and Economic Integration
The theory of international trade has paid scant attention to market institutions. Neither neoclassical theory nor new trade models typically specify the process by which supply and demand meet. Yet in the real world, intermediaries play a central role in materializing the gains from exchange o...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Article |
| Language: | en_US |
| Published: |
American Economic Association
2011
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| Online Access: | http://hdl.handle.net/1721.1/61352 https://orcid.org/0000-0002-5503-297X |
| Summary: | The theory of international trade has paid scant
attention to market institutions. Neither neoclassical
theory nor new trade models typically specify the
process by which supply and demand meet. Yet in the
real world, intermediaries play a central role in materializing
the gains from exchange outlined by standard
trade theories. |
|---|