Putting the "new" into new trade theory: Paul Krugman's Nobel Memorial Prize in Economics

This paper reviews the scientific contributions of Paul Krugman to the study of international trade, on the occasion of his receipt of the 2008 Nobel Memorial Prize in Economics. A simplified exposition is presented of some of his principal findings, including: the effects of trade on firm scale an...

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Main Author: Neary, P
Format: Working paper
Published: University of Oxford 2009
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author Neary, P
author_facet Neary, P
author_sort Neary, P
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description This paper reviews the scientific contributions of Paul Krugman to the study of international trade, on the occasion of his receipt of the 2008 Nobel Memorial Prize in Economics. A simplified exposition is presented of some of his principal findings, including: the effects of trade on firm scale and product diversity in a general model of monopolistic competition; the integration of monopolistic competition with factor endowments theory; the implications of transport costs, including home-market effects and the possibility of agglomeration in models of economic geography; and the positive and normative consequences of oligopolistic trade.
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spelling oxford-uuid:86a240f4-c214-4f82-919f-93480e84fb642022-03-26T22:05:16ZPutting the "new" into new trade theory: Paul Krugman's Nobel Memorial Prize in EconomicsWorking paperhttp://purl.org/coar/resource_type/c_8042uuid:86a240f4-c214-4f82-919f-93480e84fb64Bulk import via SwordSymplectic ElementsUniversity of Oxford2009Neary, PThis paper reviews the scientific contributions of Paul Krugman to the study of international trade, on the occasion of his receipt of the 2008 Nobel Memorial Prize in Economics. A simplified exposition is presented of some of his principal findings, including: the effects of trade on firm scale and product diversity in a general model of monopolistic competition; the integration of monopolistic competition with factor endowments theory; the implications of transport costs, including home-market effects and the possibility of agglomeration in models of economic geography; and the positive and normative consequences of oligopolistic trade.
spellingShingle Neary, P
Putting the "new" into new trade theory: Paul Krugman's Nobel Memorial Prize in Economics
title Putting the "new" into new trade theory: Paul Krugman's Nobel Memorial Prize in Economics
title_full Putting the "new" into new trade theory: Paul Krugman's Nobel Memorial Prize in Economics
title_fullStr Putting the "new" into new trade theory: Paul Krugman's Nobel Memorial Prize in Economics
title_full_unstemmed Putting the "new" into new trade theory: Paul Krugman's Nobel Memorial Prize in Economics
title_short Putting the "new" into new trade theory: Paul Krugman's Nobel Memorial Prize in Economics
title_sort putting the new into new trade theory paul krugman s nobel memorial prize in economics
work_keys_str_mv AT nearyp puttingthenewintonewtradetheorypaulkrugmansnobelmemorialprizeineconomics