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Implications of Game Theory for International Agricultural Trade
Author(s) -
Abbott Philip C.,
Kallio Panu K. S.
Publication year - 1996
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1243297
Subject(s) - citation , library science , agriculture , game theory , sociology , economics , computer science , history , mathematical economics , archaeology
This session celebrates the Nobel Prize recognizing contributions of game theory to economic analysis. It is especially appropriate that international trade be included, since both theory and practice in this area have been revolutionized as a consequence of issues game theory addresses. The New International Trade Theory evolved to deal with product differentiation, economies of scale, and imperfect competition (Helpman and Krugman). Ethier observed that this revolution was driven by the failure of existing models-the HeckscherOhlin-Samuelson framework-to account for