Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/25809 
Year of Publication: 
2006
Series/Report no.: 
CESifo Working Paper No. 1764
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
We develop a simple two country model of international trade that assumes that there is a fixed cost of doing international trade. We show that this leads to multiple equilibria that can be Pareto-ranked. We examine the stability properties of these equilibria.
JEL: 
F1
F11
Document Type: 
Working Paper
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