search query: @indexterm PRODUCTION MANAGEMENT / total: 708
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| Author: | Gilles, R. P. Diamantaras, D. |
| Title: | To trade or not to trade: economies with a variable number of tradeables |
| Journal: | International Economic Review
2003 : AUG, VOL. 44:3, p. 1173-1204 |
| Index terms: | Econometric models Trade Production management Pareto law |
| Language: | eng |
| Abstract: | The authors present a general equilibrium model that encompasses the endogenous selection and shadow-pricing of a set of tradeable commodities, with home-based and social production activities. In the model, a market system is a set of costly social institutions which embody the trade and production technologies available in the economy. The equilibrium concept describes the pricing of market institutions, thus pricing the tradeablity of a commodity. |
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