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Abstract (English)
Standard international trade lectures normally comprises three central theories: the Ricardian Model, the Heckscher-Ohlin-Samuelson Modell and New Trade Theory a la Krugman 1979 and 1980. Nowadays this trilogy needs to be enhanced with the basic concepts of a new class of trade models: the New New Trade Theory which accounts for firm heterogeneity and market entry costs. The basic objective of this paper is to present the contribution of Marc J. Melitz in Econometrica 2003 which is central to this new class of trade theory. I show how it is embedded in antecedent theory and highlight the new insights for trade patterns stemming from it.
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Publication license
Publication series
Schriftenreihe des Promotionsschwerpunkts Globalisierung und Beschäftigung; 30
Published in
Faculty
Faculty of Business, Economics and Social Sciences
Institute
Institut für Volkswirtschaftslehre (bis 2010)
Examination date
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Edition / version
Citation
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DOI
ISSN
ISBN
Language
German
Publisher
Publisher place
Classification (DDC)
330 Economics
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Standardized keywords (GND)
Sustainable Development Goals
BibTeX
@techreport{Hofmann2009,
url = {https://hohpublica.uni-hohenheim.de/handle/123456789/5318},
author = {Hofmann, Patricia},
title = {Die neue Außenhandelstheorie : das Melitz-Modell},
year = {2009},
school = {Universität Hohenheim},
series = {Schriftenreihe des Promotionsschwerpunkts Globalisierung und Beschäftigung},
}