Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/30374
Authors: 
Hofmann, Patricia
Year of Publication: 
Nov-2009
Series/Report no.: 
Schriftenreihe des Promotionsschwerpunkts Globalisierung und Beschäftigung // Evangelisches Studienwerk e.V. 30/2009
Abstract: 
Standard international trade lectures normally comprises three central theories: the Ricardian Model, the Heckscher-Ohlin-Samuelson Modell and New Trade Theory à 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.
Subjects: 
Trade Theory
Heterogenous Firms
Monopolistic Competition
Entry
Exit
Firm Size
Export Decision
JEL: 
F10
F12
L11
L13
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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