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The Gains from Trade in a Cournot-Nash Trading Equilibrium

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  • Murray C. Kemp

Abstract

It has recently been suggested by several authors that a Cournot-Nash free-trade equilibrium might leave each country worse off than under autarky, in apparent contradiction of earlier findings. In the present note it is shown that the suggestion is typically based on self-contradictory assumptions and is therefore unacceptable. Copyright © 2010 Blackwell Publishing Ltd.

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  • 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.
  • Handle: RePEc:bla:reviec:v:18:y:2010:i:5:p:832-834
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    References listed on IDEAS

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    1. 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.
    2. Murray Kemp & Koji Shimomura, 1995. "The Apparently Innocuous Representative Agent," The Japanese Economic Review, Japanese Economic Association, vol. 46(3), pages 247-256, September.
    3. Grandmont, J. M. & McFadden, D., 1972. "A technical note on classical gains from trade," Journal of International Economics, Elsevier, vol. 2(2), pages 109-125, May.
    4. Richard Friberg & Mattias Ganslandt, 2008. "Reciprocal Dumping with Product Differentiation," Review of International Economics, Wiley Blackwell, vol. 16(5), pages 942-954, November.
    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. Cordella, Tito, 1998. "Patterns of Trade and Oligopoly Equilibria: An Example," Review of International Economics, Wiley Blackwell, vol. 6(4), pages 554-563, November.
    7. Lahiri, Sajal & Ono, Yoshiyasu, 1995. "The Role of Free Entry in an Oligopolistic Heckscher-Ohlin Model," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 36(3), pages 609-624, August.
    8. Markusen, James R., 1981. "Trade and the gains from trade with imperfect competition," Journal of International Economics, Elsevier, vol. 11(4), pages 531-551, November.
    9. Kemp, Murray C. & Van Long, Ngo, 1992. "Some properties of egalitarian economies," Journal of Public Economics, Elsevier, vol. 49(3), pages 383-387, December.
    10. Kemp, Murray C & Wan, Henry Y, Jr, 1972. "The Gains from Free Trade," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 13(3), pages 509-522, October.
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