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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
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http://hdl.handle.net/10419/49499
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| Title: | | Trade and Imperfect Competition in General Equilibrium  |
| Authors: | | Koska, Onur A. Stähler, Frank |
| Issue Date: | | 2011 |
| Series/Report no.: | | CESifo working paper: Trade Policy 3543 |
| Abstract: | | This paper employs a general equilibrium model of imperfect competition and trade in which capital is used to establish firms and labor is used for production. We show that two different types of equilibria may exist, one with factor price equalization and one with different factor prices. When factor prices are equalized, trade improves welfare under relatively mild conditions. However, if factor prices differ, these conditions are not sufficient for mutual gains from trade. |
| Subjects: | | imperfect competition international trade general equilibrium |
| JEL: | | F12 D50 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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