Intermediation and Economic Integration
Author(s)Antras, Pol; Costinot, Arnaud
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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.
DepartmentMassachusetts Institute of Technology. Department of Economics
American Economic Review
American Economic Association
Antrás, Pol, and Arnaud Costinot. 2010. "Intermediation and Economic Integration." American Economic Review, 100(2): 424–28.
Author's final manuscript