General equilibrium and international trade with exhaustible resources

J.H. Geldrop, van, C.A.A.M. Withagen

Research output: Contribution to journalArticleAcademicpeer-review

9 Citations (Scopus)


The pricing of raw materials from an exhaustible resource is predominantly analysed within the context of a partial equilibrium. It is argued here that there are good reasons for a general equilibrium analysis. In this paper we present an international trade model with exhaustible resources and characterize the general equilibrium properties. The general perspective adopted leads to new insights compared with a partial equilibrium approach.
Original languageEnglish
Pages (from-to)341-357
Number of pages17
JournalJournal of International Economics
Issue number3-4
Publication statusPublished - 1993


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