Gains from Trade in a Cournot-Nash General Equibrium

Murray Kemp and Koji Shimomura

No 66, Discussion Paper Series from Research Institute for Economics & Business Administration, Kobe University

Abstract: It is shown that, in a context of Cournot-Nash general equilibrium, free trade is potentially gainful for each trading country. No restrictions are placed on the numbers of products, factors of production or countries, or on the nature of returns to scale. Moreover, preferences, techniques and factor endowments can differ from agent to agent.

Pages: 33 pages
Date: 1996-10, Revised 1998-01
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Journal Article: Gains From Trade in a Cournot–Nash General Equilibrium (2001)
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