The Role of Information in Trade Theory

  • Murray C. Kemp
  • Shigemi Yabuuchi


In the conventional theory of international trade it is assumed that, world-wide, technical information available to one producer is freely and completely available to every other actual or potential producer; this is the assumption of open access. Evidently the assumption lies at one extreme of a continuum of possibilities. At the other extreme, world-wide, technical information is available to only one producer in each industry; this is the assumption of closed access.


International Trade Technical Information Conventional Theory Marginal Revenue Trade Theory 
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Copyright information

© Athanasios Asimakopulos, Robert D. Cairns and Christopher Green 1990

Authors and Affiliations

  • Murray C. Kemp
  • Shigemi Yabuuchi

There are no affiliations available

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