Journal article
International trade in general oligopolistic equilibrium
- Abstract:
- This paper presents a new model of oligopoly in general equilibrium and explores its implications for positive and normative aspects of international trade. Assuming "continuum-Pollak" preferences, the model allows for consistent aggregation over a continuum of sectors, in each of which a small number of home and foreign firms engage in Cournot competition. I show how competitive advantage interacts with comparative advantage to determine resource allocation, and, specializing to continuum-quadratic preferences, I explore the model's implications for the gains from trade, for the distribution of income between wages and profits, and for production and trade patterns in a two-country world.
- Publication status:
- Published
- Peer review status:
- Peer reviewed
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(Preview, Version of record, pdf, 288.7KB, Terms of use)
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- Publisher copy:
- 10.1111/roie.12233
Authors
- Publisher:
- Wiley
- Journal:
- Review of International Economics More from this journal
- Volume:
- 24
- Issue:
- 3
- Pages:
- 669–698
- Publication date:
- 2016-06-01
- Acceptance date:
- 2016-05-10
- DOI:
- ISSN:
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1467-9396
- Keywords:
- Pubs id:
-
pubs:620170
- UUID:
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uuid:c29cf9cc-4ee8-46a5-afde-c0510f9f182b
- Local pid:
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pubs:620170
- Source identifiers:
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620170
- Deposit date:
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2016-05-11
Terms of use
- Copyright holder:
- James Neary
- Copyright date:
- 2016
- Notes:
- © 2016 The Authors. Review of International Economics Published by John Wiley and Sons Ltd. This is an open access article under the terms of the Creative Commons Attribution License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited.
- Licence:
- CC Attribution (CC BY)
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