Globalisation and Market Structure

J. Peter Neary ()

No 200220, Working Papers from School Of Economics, University College Dublin

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)
Date: 2002-08-20
View list of references View citations in EconPapers

Downloads: (external link)
http://www.ucd.ie/economics/research/papers/2002/WP02.20.pdf First version, 2002 (application/pdf)

Related works:
Working Paper: Globalisation and Market Structure (2003)
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:ucn:wpaper:200220

Access Statistics for this paper

More papers in Working Papers from School Of Economics, University College Dublin
Contact information at EDIRC.
Series data maintained by Stefanie Feicke ().