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Gains From Trade in a Cournot–Nash General Equilibrium

Author

Listed:
  • Murray C. Kemp
  • Koji Shimomura

Abstract

It is shown that, in a context of Cournot–Nash general equilibrium, free trade is potentially gainful for each trading country. No restrictions are placed on the numbers of products, factors of production or countries, or on the nature of returns to scale. Moreover, preferences, techniques and factor endowments can differ from agent to agent. JEL Classification Numbers: F10, F12, F13, F15.

Suggested Citation

  • Murray C. Kemp & Koji Shimomura, 2001. "Gains From Trade in a Cournot–Nash General Equilibrium," The Japanese Economic Review, Japanese Economic Association, vol. 52(3), pages 284-302, September.
    • Handle: RePEc:bla:jecrev:v:52:y:2001:i:3:p:284-302
    DOI: 10.1111/1468-5876.00195
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    Citations

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    Cited by:

    1. Fujiwara, Kenji, 2009. "Trade liberalization in a differentiated duopoly reconsidered," Research in Economics, Elsevier, vol. 63(3), pages 165-171, September.
    2. repec:ebl:ecbull:v:6:y:2006:i:5:p:1-8 is not listed on IDEAS
    3. Tran-Nam, Binh, 2016. "A critical review of the normative theory of international trade," International Journal of Development and Conflict, Gokhale Institute of Politics and Economics, vol. 6(1), pages 25-46.
    4. Kemp, Murray C., 2007. "Normative comparisons of customs unions and other types of free trade association," European Journal of Political Economy, Elsevier, vol. 23(2), pages 416-422, June.
    5. Kenji Fujiwara, 2005. "Unilateral and Multilateral Gains from Trade in International Oligopoly," The Economic Record, The Economic Society of Australia, vol. 81(255), pages 404-413, December.
    6. Toru Kikuchi & Kazumichi Iwasa, 2009. "Competing Industrial Standards and the Impact of Trade Liberalization:Revised and Enlarged," Discussion Papers 0913, Graduate School of Economics, Kobe University.
    7. 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.
    8. 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.
    9. Kenji Fujiwara, 2006. "Why Resisting Globalization Can Be Reasonable," Economics Bulletin, AccessEcon, vol. 6(5), pages 1-8.

    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
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration

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