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1
International Economics
国际经济学
主讲:余道先
ydxdhy@
2
Chapter 6
Economies of Scale,Imperfect
Competition, and International Trade
规模经济、不完全竞争和国际贸易
3
Preview
Introduction
Economies of Scale and International Trade:
An Overview
Economies of Scale and Market Structure
The Theory of Imperfect Competition
Monopolistic Competition and Trade
Dumping
The Theory of External Economies
External Economies and International Trade
Summary
4
Introduction
Countries engage in international trade for
two basic reasons:
Countries trade because they differ either in their
resources or in technology.
Countries trade in order to achieve scale
economies or increasing returns in production.
5
Introduction (cont. )
The Ricardian and Heckscher-Ohlin models also rely on
competition to predict that all income from production is
paid to owners of factors of production: no “excess” or
monopoly profits exist.
But when economies of scale exist, large firms may be
more efficient than small firms, and the industry may
consist of a monopoly or a few large firms.
Production may be imperfectly competitive in the sense that
excess or monopoly profits are captured by large firms.
6
Introduction (cont. )
Two models of international trade in which
economies of scale and imperfect competition
play a crucial role:
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