Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/30356 
Year of Publication: 
1999
Series/Report no.: 
Schriftenreihe des Promotionsschwerpunkts Makroökonomische Diagnosen und Therapien der Arbeitslosigkeit No. 7/1999
Publisher: 
Universität Hohenheim, Stuttgart
Abstract: 
Standard international trade lectures normally comprises three central theories: the Ricardian Model, the Heckscher-Ohlin-Samuelson Modell and New Trade Theory a la Krugman 1979 and 1980. Nowadays this trilogy needs to be enhanced with the basic concepts of a new class of trade models: the New New Trade Theory which accounts for firm heterogeneity and market entry costs. The basic objective of this paper is to present the contribution of Marc J. Melitz in Econometrica 2003 which is central to this new class of trade theory. I show how it is embedded in antecedent theory and highlight the new insights for trade patterns stemming from it.
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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