Globalisation and Market Structure

J. Peter Neary ()

DNB Staff Reports (discontinued) from Netherlands Central Bank

Abstract: This paper reviews some puzzling economic aspects of globalisation and argues that they cannot be satisfactorily addressed in perfectly or monopolistically competitive models. Drawing on recent work, a model of oligopoly in general equilibrium is sketched. The model ensures theoretical consistency by assuming that firms are large in their own markets but small in the economy as a whole, and ensures tractability by assuming quadratic preferences defined over a continuum of goods. Applications considered include the effects of trade liberalisation on industrial structure, on cross-border merger waves, and on the distribution of income between skilled and unskilled workers.

Keywords: Cross-border mergers; GOLE (General Oligopolistic Equilibrium); market integration; trade and wages; trade liberalisation. (search for similar items in EconPapers)
JEL-codes: D50 L13 F12 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-com and nep-ind
Date: 2003
View list of references View citations in EconPapers

Downloads: (external link)
http://www.dnb.nl/binaries/sr100_tcm46-146877.pdf (application/pdf)

Related works:
Working Paper: Globalisation and Market Structure (2002)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:dnb:staffs:100

Access Statistics for this paper

More papers in DNB Staff Reports (discontinued) from Netherlands Central Bank
Contact information at EDIRC.
Series data maintained by Arjen Siegmann ().