Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/72315
Authors: 
Neary, J. Peter
Year of Publication: 
2002
Series/Report no.: 
Working Paper Series, UCD Centre for Economic Research 02/20
Abstract: 
This paper reviews some puzzling economic aspects of globalisation and argues that they cannot be satisfactorily addressed in perfectly or monopolistically competitive models. Drawing on recent work, a model of oligopoly in general equilibrium is sketched. The model ensures theoretical consistency by assuming that firms are large in their own markets but small in the economy as a whole, and ensures tractability by assuming quadratic preferences defined over a continuum of goods. Applications considered include the effects of trade liberalisation on industrial structure, on cross-border merger waves, and on the distribution of income between skilled and unskilled workers.
Subjects: 
Cross-border mergers
GOLE (General Oligopolistic Equilibrium)
market integration
trade and wages
trade liberalisation
JEL: 
D50
L13
F12
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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