TY  - BOOK
AU  - Antràs,Pol
AU  - Costinot,Arnaud
ED  - National Bureau of Economic Research.
TI  - Intermediation and Economic Integration
T2  - NBER working paper series
PY  - 2010///
CY  - Cambridge, Mass.
PB  - National Bureau of Economic Research
N1  - February 2010; Hardcopy version available to institutional subscribers
N2  - 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. In Antràs and Costinot (2010), we have developed a stylized but explicit model of intermediation in trade. In this short paper, we present a variant of this model that illustrates the potential role of intermediaries in facilitating the realization of the gains from trade
UR  - https://www.nber.org/papers/w15751
UR  - http://dx.doi.org/10.3386/w15751
ER  -