International trade in general oligopolistic equilibrium
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...
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| Format: | Working paper |
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University of Oxford
2015
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| _version_ | 1826297788522037248 |
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| author | Neary, P |
| author_facet | Neary, P |
| author_sort | Neary, P |
| collection | OXFORD |
| description | 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. |
| first_indexed | 2024-03-07T04:36:59Z |
| format | Working paper |
| id | oxford-uuid:d045b480-eed9-429a-bb49-a2f6b1c3da4e |
| institution | University of Oxford |
| last_indexed | 2024-03-07T04:36:59Z |
| publishDate | 2015 |
| publisher | University of Oxford |
| record_format | dspace |
| spelling | oxford-uuid:d045b480-eed9-429a-bb49-a2f6b1c3da4e2022-03-27T07:48:50ZInternational trade in general oligopolistic equilibriumWorking paperhttp://purl.org/coar/resource_type/c_8042uuid:d045b480-eed9-429a-bb49-a2f6b1c3da4eBulk import via SwordSymplectic ElementsUniversity of Oxford2015Neary, PThis 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. |
| spellingShingle | Neary, P International trade in general oligopolistic equilibrium |
| title | International trade in general oligopolistic equilibrium |
| title_full | International trade in general oligopolistic equilibrium |
| title_fullStr | International trade in general oligopolistic equilibrium |
| title_full_unstemmed | International trade in general oligopolistic equilibrium |
| title_short | International trade in general oligopolistic equilibrium |
| title_sort | international trade in general oligopolistic equilibrium |
| work_keys_str_mv | AT nearyp internationaltradeingeneraloligopolisticequilibrium |