Price-Taking Monopolies in Small Open Economies

Henry Thompson

Open Economies Review, 2002, vol. 13, issue 2, 205-209

Abstract: The export sector of a small open economy is assumed to be a price-taking monopoly with increasing long-run average cost and positive profit. Under such conditions, demands for productive factors are shown to slope downward in the general equilibrium of an otherwise competitive economy. Comparative static effects of changing prices and factor endowments are weaker than with a competitive export sector. The comparative static effects involving monopoly profit and outputs are examined. Copyright Kluwer Academic Publishers 2002

Keywords: monopoly; factor-proportions; trade (search for similar items in EconPapers)
Date: 2002
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DOI: 10.1023/A:1013929432480

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