Broda, Christian M. (contributor); … - 2004 - [Elektronische Ressource]
) revolutionized
international trade theory by modeling how countries could gain from trade through the import of
new varieties, no one … importance of new trade theory for national
welfare rests on conjecture, calibration, and case studies. This paper represents the … to theory. Starting with the constant elasticity of substitution utility function
which underlies the Spence …