International Trade in General Oligopolistic Equilibrium

J. Peter Neary

No 769, Economics Series Working Papers from University of Oxford, Department of Economics

Abstract: Abstract This paper presents a new model of oligopoly in general equilibrium and explores its implications for positive and normative aspects of international trade. Assuming“continuum-Pollak" preferences, the model allows for consistent aggregation over a continuum of sectors, in each of which a small number of home and foreign firms engage inCournot competition. I show how competitive advantage interacts with comparative advantage to determine resource allocation, and, specializing to continuum-quadraticpreferences, I explore the model's implications for the gains from trade, for the distribution of income between wages and profits, and for production and trade patterns ina two-country world.

Keywords: “Continuum-Pollak" preferences; Continuum-quadratic preferences; GOLE (General Oligopolistic Equilibrium); Market integration; Trade and income distribution (search for similar items in EconPapers)
JEL-codes: F10 F12 (search for similar items in EconPapers)
Date: 2015-12-02
New Economics Papers: this item is included in nep-int
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Citations: View citations in EconPapers (19)

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Related works:
Journal Article: International Trade in General Oligopolistic Equilibrium (2016)
Working Paper: International Trade in General Oligopolistic Equilibrium (2015)
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