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Patterns of trade and oligopoly equilibria: an example

Author

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  • CORDELLA, Tito

    (CORE, Université catholique de Louvain, B-1348 Louvain-la-Neuve, Belgium)

Abstract

In this paper we investigate, via an example, the effects of oligopolistic competition in a two countries two goods" Ricardian" model of international trade. By contrast with results that apply to the competitive free trade equilibrium, at the oligopoly equilibrium industries with different technologies can profitably survive. Moreover we show that, in an oligopolistic setting, the pattern of trade cannot be inferred neither by pre-trade prices, nor by the comparative advantage principle.

Suggested Citation

  • CORDELLA, Tito, 1992. "Patterns of trade and oligopoly equilibria: an example," LIDAM Discussion Papers CORE 1992051, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    • Handle: RePEc:cor:louvco:1992051
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    File URL: https://sites.uclouvain.be/core/publications/coredp/coredp1992.html
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    Cited by:

    1. Dirk Willenbockel, 2005. "The Price Normalisation Problem in General Equilibriun Models with Oligopoly Power: An Attempt at Perspective," GE, Growth, Math methods 0505002, University Library of Munich, Germany.
    2. Kenji Fujiwara & Tsuyoshi Shinozaki & Akihiko Yanase, 2011. "Dynamic Interactions in Trade Policy in a Differential Game Model of Tariff Protection," Review of Development Economics, Wiley Blackwell, vol. 15(4), pages 689-698, November.
    3. WILLENBOCKEL Dirk, 2010. "The Numeraire Problem in General Equilibrium Models with Market Power: Much Ado About Nothing?," EcoMod2003 330700152, EcoMod.
    4. Ondřej Sankot, 2015. "Comparative Advantages of Visegrad Four Countries and Germany - A Comparison of Sectors According to the Workforce Qualification and Technology-Intensity [Komparativní výhody zemí V4 a Německa - po," Současná Evropa, Prague University of Economics and Business, vol. 2015(2), pages 125-144.
    5. Murray C. Kemp, 2010. "The Gains from Trade in a Cournot–Nash Trading Equilibrium," Review of International Economics, Wiley Blackwell, vol. 18(5), pages 832-834, November.
    6. Kenji Fujiwara & Tsuyoshi Shinozaki, 2010. "The Closed‐Loop Effects Of Market Integration In A Dynamic Duopoly," Australian Economic Papers, Wiley Blackwell, vol. 49(1), pages 1-12, March.

    More about this item

    JEL classification:

    • F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation

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