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Two and a Half Theories of Trade.

Abstract:

This paper discusses the place of oligopoly in international trade theory, and argues that it is unsatisfactory to ignore firms altogether, as in perfectly competitive models, or to view large firms as more productive clones of small ones, as in monopolistically competitive models. Doing either fails to account for the granularity in the size distribution of firms and for the dominance of large firms in exporting. The paper outlines three ways of developing more convincing models of oligopoly...

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Authors


J. Peter Neary More by this author
Journal:
World Economy
Volume:
33
Issue:
1
Publication date:
2010
DOI:
URN:
uuid:16f7a270-e67a-43bb-b930-a4af016d21b4
Local pid:
oai:economics.ouls.ox.ac.uk:14618
Language:
English

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