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An Empirical Approach On Oligopolistic Competition

Author

Listed:
  • Assist. Ioana-Veronica Alexa, Ph.D Student

    (University „Dunarea de Jos” of Galati Faculty of Economics and Business Administration Galati, Romania)

  • Assist. Simona Valeria Toma, Ph.D Student

    (University „Dunarea de Jos” of Galati Faculty of Economics and Business Administration Galati, Romania)

  • Prof. Daniela Ancuta Sarpe, Ph.D

    (University „Dunarea de Jos” of Galati Faculty of Economics and Business Administration Galati, Romania)

Abstract

During the past decade international trade models have been focused more and more on the oligopolistic competition and more importantly on determining a general equilibrium. The aim of this paper is to use a General Oligopolistic Equilibrium model, GOLE, to analyze the international trade dynamics in three of the most important players on the world market, USA, EU and Japan. In doing so we intend to see whether the strategy that these three players have adopted during the past few years has been a good one, or on the contrary, some measures should be taken in order to reduce the trade balance deficit. Furthermore, we will try to determine the impact that changes in trade policy and in technology have had on each country have affected as well as on their trade partners.

Suggested Citation

  • Assist. Ioana-Veronica Alexa, Ph.D Student & Assist. Simona Valeria Toma, Ph.D Student & Prof. Daniela Ancuta Sarpe, Ph.D, 2013. "An Empirical Approach On Oligopolistic Competition," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(21), pages 112-117, NOVEMBER.
  • Handle: RePEc:aio:rteyej:v:1:y:2013:i:21:p:112-117
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    More about this item

    Keywords

    General Oligopolistic Equilibrium; trade strategy; international trade; technology;

    JEL classification:

    • F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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