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Endogenous Mercantilism and Oligopoly Dumping

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  • McGuire, M.
  • Ohta, H.

Abstract

Although the world and its global economy become more and more integrated with each passing year, not all the correlated increase in trade could be unambiguously be called free trade. A significant share of world trade growth in the past generation has occured with state guided economies of decidedly mercantilistic stripe. Coincident with the economic upsurge of neo-mercantile states over recent decades, study of mercantilism has increased. This paper is founded on a model where no coordinated intention is invoked to produce mercantile result. We propose a model of endogenous mercantilism and we identify three stages in the relantioships between the mercantile state and its world trading partners.

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Bibliographic Info

Paper provided by California Irvine - School of Social Sciences in its series Papers with number 99-00-18.

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Length: 23 pages
Date of creation: 2000
Date of revision:
Handle: RePEc:fth:calirv:99-00-18

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Postal: UNIVERSITY OF CALIFORNIA IRVINE, SCHOOL OF SOCIAL SCIENCES, IRVINECALIFORNIA 91717 U.S.A.

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Keywords: OLIGOPOLIES ; INTERNATIONAL TRADE;

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