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Imperfect Competition and International Trade (Readings in Economics)

Imperfect Competition and International Trade (Readings in Economics)

By: Gene M. Grossman (editor)Paperback

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The last decade has seen an important extension of the theory of international trade to include imperfectly competitive market structures. This book collects 19 of the most influential articles on trade with imperfect competition, providing ready access to current research by top-level economists. Following an introduction. by Grossman that surveys the literature, the readings cover such important topics as the causes and consequences of intraindustry trade, the effects of tariffs and quantitative restrictions in oligopolistic settings, the welfare consequences of strategic trade policies, the raison d'etre for multinational corporations, the determinants of innovation, and the interaction between technological progress and trade. The recent work on trade incorporating imperfect competition can help to explain the high volume of intraindustry trade between similarly endowed countries and can account for the increasing importance of multinational corporations in the conduct of international trade. It can predict the emergence of cross-country technology gaps and can help to identify the determinants of dynamic comparative advantage. The explorations of trade with imperfect competition have also deepened substantially our understanding of the costs and benefits of trade policy. We now know why governments may be motivated to assist their national firms in global oligopolistic competitions, and we also know the limitations of the arguments in support of strategic trade policies.ContributorsRichard E. Baldwin, James A. Brander, Avinash K. Dixit, Jonathan Eaton, Wilfred J. Ethier, Gene M. Grossman, Elhanan Helpman, Kala Krishna, Paul R. Krugman, James R. Markusen, Victor Norman, Luis A. Rivera-Batiz, Paul M. Romer, Barbara J. Spencer, Anthony J. Venables Shmuel Ben Zvi

About Author

Gene M. Grossman is Jacob Viner Professor of International Economics and Director of the International Economics Section at Princeton University.


Part 1 Oligopoly: A "Reciprocal Dumping" model of international trade, James A. Brander and Paul R. Krugman; oligopoly in segmented markets, Shmuel Ben-Zvi and Elhanan Helpman; trade and the gains from trade with imperfect competition, James R. Markusen; import protection as export promotion - international competition in the presence of oligopoly and economies of scale, Paul R. Krugman; trade restrictions as facilitating practices, Kala Krishna. Part 2 Strategic trade policy: tariff protection and imperfect competition, James A. Brander and Barbara J. Spencer; optimal trade and industrial policy under oligopoly, Jonathan Eaton and Gene M. Grossman; trade policy with increasing returns and imperfect competition - contradictory results from competing assumptions, James R. Markusen and Anthony J. Venables; optimal trade and industrial policies for the U.S. automobile industry, Avinash K. Dixit; market access and international competition - a simulation study of 16K random access memories, Richard E. Baldwin and Paul R. Krugman. Part 3 Monopolistic competition: scale economies, product differentiation and the pattern of trade, Paul R. Krugman; product differentiation and intraindustry trade, Avinash K. Dixit and Victor Norman; international trade in the presence of product differentiation, economies of scale, and monopolistic competition - a Chamberlin-Heckscher-Ohlin approach, Elhanan Helpman; national and international returns to scale in the modern theory of international trade, Wilfred J. Ethier. Part 4 Multinational corporations: multinational corporations and trade structure, Elhanan Helpman; the multinational firm, Wilfred J. Ethier. Part 5 Technology and trade: product development and international trade, Gene M. Grossman and Elhanan Helpman; economic integration and endogenous growth, Luis A. Rivera-Batiz and Paul M. Romer; a model of quality competition and dynamic comparative advantage, Gene M. Grossman.

Product Details

  • ISBN13: 9780262570930
  • Format: Paperback
  • Number Of Pages: 392
  • ID: 9780262570930
  • weight: 816
  • ISBN10: 0262570939

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