; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "Nonuniqueness of Solutions in Applied General Equilibrium Models With Scale Economies and Imperfect Competition"; ; "batchuser@example.com"; "Mercenier, Jean"; "Federal Reserve Bank of Minneapolis"; "Trade agreement", "International trade ", "Scale economy ", "Policy analysis", "Free trade"; "Applied general equilibrium models with imperfect competition and economies of scale have been extensively used for analyzing international trade and development policy issues. They offer a natural framework for testing the empirical relevance of propositions from the industrial organization and new trade theoretical literature. This paper warns model builders and users that considerable caution is needed in interpreting the results and deriving strong policy conclusions from these models: in this generation of applied general equilibrium models, nonuniqueness of equilibria is not a theoretical curiosum, but a potentially serious problem. Disregarding this may lead to dramatically wrong policy appraisals."^^; "1994-10"; "2019-09-13T22:17:11.860993779+00:00"^^; "https://doi.org/10.21034/sr.183"; ; "https://creativecommons.org/licenses/by-nc/4.0/"; "Thu Nov 7 22:09:09 2019"; "https://creativecommons.org/licenses/by-nc/4.0/"; "Research Paper"; "517"; "Staff report (Federal Reserve Bank of Minneapolis. Research Department)"; "183"; "International trade ", "Trade agreement", "Policy analysis", "Free trade", "Scale economy "; ; ; ; ; "Federal Reserve Bank of Minneapolis. Research Department"; "Published in: _Economic Theory_ (Vol. 6, Issue 1, February 1995, pp. 161-177) https://doi.org/10.1007/BF01213945. "^^; ; "Publication" . ; .