The New Palgrave Dictionary of Economics

Living Edition
| Editors: Palgrave Macmillan


  • Wilfred J. Ethier
Living reference work entry


The term ‘dumping’ has been used for centuries in a general way to refer to export sales at a price low enough to cause significant harm to some interests in the importing country. Beginning early in this century, many countries instituted anti-dumping laws, and this has required a more precise definition of the term. The most common definition, both in the law and among professional economists, is export sales at a price below that at which similar goods are sold in the domestic market of the exporting country, taking into account differences in quality, attendant services and the like. However, an alternative definition, export sales at a price below the cost of production, is also incorporated into many of the laws, and this alternative has in recent years become of increasing practical importance.


Export Market Price Discrimination Factor Market Export Price Domestic Price 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
This is a preview of subscription content, log in to check access.


  1. Brander, J., P. Krugman, and 3/4. 1983. A ‘reciprocal dumping’ model of international trade. Journal of International Economics 15(3/4): 313–321.CrossRefGoogle Scholar
  2. Davies, S.W., and A.J. McGuinness. 1982. Dumping at less than marginal cost. Journal of International Economics 12(1/2): 169–182.CrossRefGoogle Scholar
  3. Eichengreen, B., and H. van der Ven. 1984. US antidumping policies: The case of steel. In The structure and evolution of recent US trade policy, ed. R.E. Baldwin and A.O. Kreuger. Chicago: University of Chicago Press, for the National Bureau of Economic Research.Google Scholar
  4. Ethier, W.J. 1982. Dumping. Journal of Political Economy 90(3): 487–506.CrossRefGoogle Scholar
  5. Haberler, G. 1937. The theory of international trade with its applications to commercial policy. New York: Macmillan.Google Scholar
  6. Robinson, J. 1933. The economics of imperfect competition. London: Macmillan.Google Scholar
  7. Viner, J. 1923. Dumping: A problem in international trade. Chicago: University of Chicago Press.Google Scholar
  8. Viner, J. 1931. Dumping. In Encyclopedia of the social sciences, ed. E.R.A. Seligman and A. Johnson. New York: Macmillan.Google Scholar
  9. Yntema, T.O. 1928. The influence of dumping on monopoly price. Journal of Political Economy 36: 686–698.CrossRefGoogle Scholar

Copyright information

© The Author(s) 1987

Authors and Affiliations

  • Wilfred J. Ethier
    • 1
  1. 1.