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An experimental investigation of the patterns of international trade.

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  • Economics

Abstract

An Experimental Investigation of the Patterns of International Trade http://www.jstor.org An Experimental Investigation of the Patterns of International Trade Author(s): Charles N. Noussair, Charles R. Plott, Raymond G. Riezman Source: The American Economic Review, Vol. 85, No. 3, (Jun., 1995), pp. 462-491 Published by: American Economic Association Stable URL: http://www.jstor.org/stable/2118183 Accessed: 16/05/2008 07:37 Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org/page/info/about/policies/terms.jsp. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your personal, non-commercial use. Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained at http://www.jstor.org/action/showPublisher?publisherCode=aea. Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printed page of such transmission. JSTOR is a not-for-profit organization founded in 1995 to build trusted digital archives for scholarship. We enable the scholarly community to preserve their work and the materials they rely upon, and to build a common research platform that promotes the discovery and use of these resources. For more information about JSTOR, please contact [email protected] An Experimental Investigation of the Patterns of International Trade By CHARLES N. NOUSSAIR, CHARLES R. PLOTT, AND RAYMOND G. RIEZMAN * This paper studies a laboratory economy with some of the prominent features of an international economic system. The patterns of trade and output predicted by the law of comparative advantage are observed evolving within the experimental markets. Market prices and quantities move in the direction of the comp

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