Intermediation and Economic Integration

  • Pol Antràs, Arnaud Costinot, Robert C. Feenstra, Gordon H. Hanson
  • Published 2009

Abstract

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. In Antràs and Costinot (2010… (More)

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Cite this paper

@inproceedings{Antrs2009IntermediationAE, title={Intermediation and Economic Integration}, author={Pol Antr{\`a}s and Arnaud Costinot and Robert C. Feenstra and Gordon H. Hanson}, year={2009} }