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Oligopoly And Trade

  • Dermot Leahy

    ()

    (Department of Economics Finance and Accounting, National University of Ireland, Maynooth)

  • J. Peter Neary

    (University of Oxford and CEPR)

In this chapter we present a selective analytic survey of some of the main results of trade under oligopoly. We concentrate on three topics: oligopoly as an independent determinant of trade, as illustrated by the reciprocal-markets model of Brander (1981); oligopoly as an independent rationale for government intervention, as illustrated by strategic trade and industrial policy in the third-market model of Spencer and Brander (1983); and the challenges and potential of embedding trade under oligopoly in general equilibrium as illustrated by the GOLE model of Neary (2002).

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Paper provided by Department of Economics, Finance and Accounting, National University of Ireland - Maynooth in its series Economics, Finance and Accounting Department Working Paper Series with number n215-10.pdf.

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Length: 40 pages
Date of creation: 2010
Date of revision:
Handle: RePEc:may:mayecw:n215-10.pdf
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Web page: http://www.maynoothuniversity.ie/economics-finance-and-accounting

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