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A Factor Endowment Theory of International Trade under Imperfect Competition and Increasing Returns

Author

Listed:
  • Kenji Fujiwara

    (Graduate School of Economics, Kobe University, Japan)

  • Koji Shimomura

    (Research Institute for Economics & Business Administration (RIEB), Kobe University, Japan)

Abstract

Constructing a two-good (a competitive and monopolized goods), two-primary factor (capital and labor) and two-country model of international trade where the monopolized sector is subject to increasing returns to scale, we establish an oligopolistic version of the Heckscher-Ohlin Theorem.

Suggested Citation

  • Kenji Fujiwara & Koji Shimomura, 2002. "A Factor Endowment Theory of International Trade under Imperfect Competition and Increasing Returns," Discussion Paper Series 130, Research Institute for Economics & Business Administration, Kobe University, revised Jan 2003.
    • Handle: RePEc:kob:dpaper:130
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    References listed on IDEAS

    as
    1. Kemp, Murray C. & Van Long, Ngo, 1992. "Some properties of egalitarian economies," Journal of Public Economics, Elsevier, vol. 49(3), pages 383-387, December.
    2. R. Melvin, James & Warne, Robert D., 1973. "Monopoly and the theory of international trade," Journal of International Economics, Elsevier, vol. 3(2), pages 117-134, May.
    3. James R. Markusen & James R. Melvin, 1981. "Trade, Factor Prices, and the Gains from Trade with Increasing Returns to Scale," Canadian Journal of Economics, Canadian Economics Association, vol. 14(3), pages 450-469, August.
    4. Koji Shimomura, 1997. "Factor Income Function and Oligopolistic Heckscher-Ohlin Model in Internationl Trade," Discussion Paper Series 82, Research Institute for Economics & Business Administration, Kobe University, revised Jan 1998.
    5. James R. MARKUSEN, 2021. "Trade And The Gains From Trade With Imperfect Competition," World Scientific Book Chapters, in: BROADENING TRADE THEORY Incorporating Market Realities into Traditional Models, chapter 14, pages 303-323, World Scientific Publishing Co. Pte. Ltd..
    6. Murray Kemp & Koji Shimomura, 1995. "The Apparently Innocuous Representative Agent," The Japanese Economic Review, Japanese Economic Association, vol. 46(3), pages 247-256, September.
    7. Shimomura, Koji, 1998. "Factor income function and an oligopolistic Heckscher-Ohlin model of international trade," Economics Letters, Elsevier, vol. 61(1), pages 91-100, October.
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    Citations

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    Cited by:

    1. Koska, Onur A. & Stähler, Frank, 2014. "Trade and imperfect competition in general equilibrium," Journal of International Economics, Elsevier, vol. 94(1), pages 157-168.
    2. Valente, Simone, 2006. "Trade, Envy and Growth: International Status Seeking in a Two-Country World," MPRA Paper 1095, University Library of Munich, Germany.
    3. Xiaobing Xing & Jiexiang Xu, 2014. "The saving rate and the upgrade of the trade commodity structure in developing countries: A dynamic H-O model under an oligopolistic market structure," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 23(8), pages 1145-1169, December.

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    More about this item

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation

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