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| Author: | Rauch, J.E. Watson, J. |
| Title: | Network intermediaries in international trade |
| Journal: | Journal of Economics & Management Strategy
2004 : SPRING, VOL. 13:1, p. 69-93 |
| Index terms: | International trade Foreign investment Networks Models |
| Language: | eng |
| Abstract: | Motivated by evidence on the importance of incomplete information and networks (hereafter as: net. or nets.) in international trade, the paper investigates the supply of net. intermediation. A general-equilibrium model is built in which agents with nets. of foreign contacts either can use their nets. themselves in support of production or can make their nets. available for others to use and thereby can become net. intermediaries. This model is used for comparative statics and welfare analysis. One welfare conclusion is that intermediaries may have inadequate incentives to maintain or to expand their nets., suggesting a rationale for the policies followed by some countries to encourage large-scale trading companies. |
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