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Product Variety and the Gains from International Trade
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Product Variety and the Gains from International Trade

Robert C. Feenstra

Abstract

The application of the monopolistic competition model to international trade by Elhanan Helpman, Paul Krugman, and Kelvin Lancaster was one of the great achievements of international trade theory in the 1970s and 1980s. Monopolistic competition models have required new empirical methods to implement their theoretical insights, however, and this book describes methods that have been developed to measure the product variety of imports and the gains from trade that are due to product variety. It first considers the consumer benefits from having access to new import varieties of differentiated pro ... More

Keywords: monopolistic competition model, international trade, Elhanan Helpman, Paul Krugman, Kelvin Lancaster, product variety, imports, gains from trade, consumer benefits, elasticity of substitution

Bibliographic Information

Print publication date: 2010 Print ISBN-13: 9780262062800
Published to MIT Press Scholarship Online: August 2013 DOI:10.7551/mitpress/9780262062800.001.0001

Authors

Affiliations are at time of print publication.

Robert C. Feenstra, author

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