Type
Working paper
Titre
Commercial revolutions, search and development
Dans
Working paper de l'OFCE
Éditeur
Paris : OFCE
Collection
Working paper de l'OFCE : 2016-08
Mots clés
Privileges, Resistence to trade, Speculative Strategies
Résumé
EN
A society can reap more benefits from an improvement in communication and transportation when the gap between privileged and less-privileged individuals is narrow. This hypothesis is investigated in a Kiyotaki-Wright search environment where people enjoy different rental positions. Historical evidence concerning the rise of Italian seaport cities during the Middle Ages, of the Netherlands in the 17th century, and the nobility ís resistance to trade in pre-revolutionary France is used to support the hypothesis.

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