This book focuses on the normative side of trade theory and is divided into five parts: * trade under perfect competition; * restricted trade under perfect competition; * trade under imperfect competition and other distortions; * Compensation: lumpsum, non-lumpsum or neither? * International trade
Focusing on the normative side of trade theory with emphasis on the Pareto optimality, this is an invaluable guide for all those interested in the social consequences of international trade and aid.
