General equilibrium and international trade with exhaustible resources

Jan H. van Geldrop; Cees A A M Withagen

doi:10.1016/0022-1996(93)90054-2

General equilibrium and international trade with exhaustible resources

Jan H. van Geldrop
, Cees A A M Withagen^*

^*Corresponding author for this work

Research output: Contribution to Journal › Article › Academic › peer-review

Abstract

The pricing of raw materials from an exhaustible resource is predominantly analysed within the context of a partial equilibrium. It is argued here that there are good reasons for a general equilibrium analysis. In this paper we present an international trade model with exhaustible resources and characterize the general equilibrium properties. The general perspective adopted leads to new insights compared with a partial equilibrium approach.

Original language	English
Pages (from-to)	341-357
Number of pages	17
Journal	Journal of International Economics
Volume	34
Issue number	3-4
DOIs	https://doi.org/10.1016/0022-1996(93)90054-2
Publication status	Published - 1993

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10.1016/0022-1996(93)90054-2

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title = "General equilibrium and international trade with exhaustible resources",

abstract = "The pricing of raw materials from an exhaustible resource is predominantly analysed within the context of a partial equilibrium. It is argued here that there are good reasons for a general equilibrium analysis. In this paper we present an international trade model with exhaustible resources and characterize the general equilibrium properties. The general perspective adopted leads to new insights compared with a partial equilibrium approach.",

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AB - The pricing of raw materials from an exhaustible resource is predominantly analysed within the context of a partial equilibrium. It is argued here that there are good reasons for a general equilibrium analysis. In this paper we present an international trade model with exhaustible resources and characterize the general equilibrium properties. The general perspective adopted leads to new insights compared with a partial equilibrium approach.

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DO - 10.1016/0022-1996(93)90054-2

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VL - 34

SP - 341

EP - 357

JO - Journal of International Economics

JF - Journal of International Economics

IS - 3-4

ER -

General equilibrium and international trade with exhaustible resources

Abstract

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