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Endogenous Mercantilism and Oligopoly Dumping


  • McGuire, M.
  • Ohta, H.


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.

Suggested Citation

  • McGuire, M. & Ohta, H., 2000. "Endogenous Mercantilism and Oligopoly Dumping," Papers 99-00-18, California Irvine - School of Social Sciences.
  • Handle: RePEc:fth:calirv:99-00-18

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    JEL classification:

    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • F10 - International Economics - - Trade - - - General
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations


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