AN EMPIRICAL APPROACH ON OLIGOPOLISTIC COMPETITION

Ph.D Student Assist. Ioana-Veronica Alexa, Ph.D Student Assist. Simona Valeria Toma and Ph.D Prof. Daniela Ancuta Sarpe
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Ph.D Student Assist. Ioana-Veronica Alexa: University „Dunarea de Jos” of Galati Faculty of Economics and Business Administration Galati, Romania
Ph.D Student Assist. Simona Valeria Toma: University „Dunarea de Jos” of Galati Faculty of Economics and Business Administration Galati, Romania
Ph.D Prof. Daniela Ancuta Sarpe: University „Dunarea de Jos” of Galati Faculty of Economics and Business Administration Galati, Romania

Revista Tinerilor Economisti (The Young Economists Journal), 2013, vol. 1, issue 21, 112-117

Abstract: During the past decade international trade models have been focused more and more on the oligopolistic competition and more importantly on determining a general equilibrium. The aim of this paper is to use a General Oligopolistic Equilibrium model, GOLE, to analyze the international trade dynamics in three of the most important players on the world market, USA, EU and Japan. In doing so we intend to see whether the strategy that these three players have adopted during the past few years has been a good one, or on the contrary, some measures should be taken in order to reduce the trade balance deficit. Furthermore, we will try to determine the impact that changes in trade policy and in technology have had on each country have affected as well as on their trade partners.

Keywords: General Oligopolistic Equilibrium; trade strategy; international trade; technology (search for similar items in EconPapers)
JEL-codes: F12 F14 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:aio:rteyej:v:1:y:2013:i:21:p:112-117

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