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Trade in the presence of endogenous intermediation in an asymmetric world / by Cillian Ryan.: C23-328/1988E-PDF

"This paper endogenously derives intermediation services in a general equilibrium setting. It shows that, contrary to previous suggestions, technical improvements in servicing can lead to a fall in domestic output, a rise in the size of the service sector, and an increase in all agents' welfare. It further suggests that, if there are asymmetries in production or service technology, the trading pattern under autarky may be inefficient relative to free trade due to the presence of excess capacity and "servicer self-trading". Thus, in addition to the conventional gains from free trade, there are gains due to an "as if" improvement in service technology"--Abstract.

Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.958534&sl=0

Publication information
Department/Agency
  • Institute for Research on Public Policy, issuing body.
TitleTrade in the presence of endogenous intermediation in an asymmetric world / by Cillian Ryan.
Series title
  • Series on trade in services
Publication typeMonograph
Language[English]
FormatDigital text
Electronic document
Note(s)
  • "This paper is one of a series of discussion papers on trade in services. Research in this series is supported by a grant from the Department of Regional Industrial Expansion (DRIE), Government of Canada"--Title page.
  • Digitized edition from print [produced by Innovation, Science and Economic Development Canada].
  • Includes bibliographical references (pages 35-36).
Publishing information
  • Victoria, British Columbia : Institute for Research on Public Policy, June, 1988.
Author / Contributor
  • Ryan, Cillian, author.
Description1 online resource (36 pages) : graphs.
Catalogue number
  • C23-328/1988E-PDF
Subject terms
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