NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Intermediation and Economic Integration

Pol Antràs, Arnaud Costinot

NBER Working Paper No. 15751
Issued in February 2010
NBER Program(s):   ITI

The theory of international trade has paid scant attention to market institutions. Neither neoclassical theory nor new trade models typically specify the process by which supply and demand meet. Yet in the real world, intermediaries play a central role in materializing the gains from exchange outlined by standard trade theories. In Antràs and Costinot (2010), we have developed a stylized but explicit model of intermediation in trade. In this short paper, we present a variant of this model that illustrates the potential role of intermediaries in facilitating the realization of the gains from trade.

download in pdf format
   (119 K)

email paper

This paper is available as PDF (119 K) or via email.

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w15751

Published: Pol Antrás & Arnaud Costinot, 2010. "Intermediation and Economic Integration," American Economic Review, American Economic Association, vol. 100(2), pages 424-28, May.

Users who downloaded this paper also downloaded these:
Millimet, Tchernis, and Husain w14297 School Nutrition Programs and the Incidence of Childhood Obesity
Ahn, Khandelwal, and Wei w15706 The Role of Intermediaries in Facilitating Trade
Antràs and Costinot w15750 Intermediated Trade
Pesendorfer and Schmidt-Dengler w9726 Identification and Estimation of Dynamic Games
Johnson and Noguera w18186 Fragmentation and Trade in Value Added over Four Decades
 
Publications
Activities
Meetings
NBER Videos
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us