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Ten Years Of General Oligopolistic Equilibrium: A Survey

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  • Rudy Colacicco

Abstract

In this paper, I survey the recent and rapidly increasing theoretical literature using the brand-new approach in embedding oligopolistic competition in general equilibrium, as designed by J. Peter Neary. First, I introduce the reader to Neary's approach, by describing the main ingredients. Then, I present a comprehensive set of studies that, over the last decade, apply this approach in different contexts, most of which are in open economy, and I examine the relevant outcomes. Although the theoretical literature has generously advanced, there is a lack of research on the empirical side, which would be an important area for future research besides theoretical extensions, some of which I highlight in the conclusions.

Suggested Citation

  • Rudy Colacicco, 2015. "Ten Years Of General Oligopolistic Equilibrium: A Survey," Journal of Economic Surveys, Wiley Blackwell, vol. 29(5), pages 965-992, December.
  • Handle: RePEc:bla:jecsur:v:29:y:2015:i:5:p:965-992
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    Cited by:

    1. Fujiwara, Kenji, 2017. "Trade and FDI liberalization in a general oligopolistic equilibrium," Japan and the World Economy, Elsevier, vol. 41(C), pages 45-49.
    2. Wrona, Jens & Kreickemeier, Udo, 2016. "Industrialisation and the Big Push in a Global Economy," Annual Conference 2016 (Augsburg): Demographic Change 145707, Verein für Socialpolitik / German Economic Association.
    3. Rudy Colacicco, 2016. "-Environment, Imperfect Competition, and Trade: Insights for Optimal Policy in General Equilibrium," Economics, Finance and Accounting Department Working Paper Series n273-16.pdf, Department of Economics, Finance and Accounting, National University of Ireland - Maynooth.
    4. repec:taf:jitecd:v:27:y:2018:i:1:p:91-101 is not listed on IDEAS
    5. Kenji Fujiwara, 2016. "Trade and FDI liberalization in a general oligopolistic equilibrium," Discussion Paper Series 150, School of Economics, Kwansei Gakuin University, revised Nov 2016.
    6. Kenji Fujiwara, 2018. "Trade, Productivity and Welfare when Monopolistic Competition and Oligopoly Coexist," Discussion Paper Series 170, School of Economics, Kwansei Gakuin University, revised Jan 2018.
    7. Kenji Fujiwara & Keita Kamei, 2016. "Competition Policy at the Intensive and Extensive Margins in General Equilibrium," KIER Working Papers 954, Kyoto University, Institute of Economic Research.
    8. Kenji Fujiwara & Keita Kamei, 2018. "Trade liberalization, division of labor and welfare under oligopoly," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 27(1), pages 91-101, January.
    9. Kenji Fujiwara, 2018. "The Effects of Entry under the Coexistence of Oligopolistic and Monopolistic Competition," Discussion Paper Series 174, School of Economics, Kwansei Gakuin University, revised Feb 2018.
    10. Kenji Fujiwara, 2015. "Mixed Oligopoly and Privatization in General Equilibrium," Discussion Paper Series 137, School of Economics, Kwansei Gakuin University, revised Dec 2015.
    11. Kenji Fujiwara, 2015. "Necessarily welfare-improving privatization," Discussion Paper Series 130, School of Economics, Kwansei Gakuin University, revised Jul 2015.
    12. Kenji Fujiwara, 2015. "Trade and FDI Liberalization in Multiple Oligopolies," Discussion Paper Series 131, School of Economics, Kwansei Gakuin University, revised Jul 2015.

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