Imperfect Competition in International Trade

by Chang, Winston W.; Katayama, Seiichi

• ISBN13: 9780792395461
• ISBN10: 0792395468
• Format: Hardcover
• Copyright: 1995-06-01
• Publisher: Kluwer Academic Pub

Summary

A theoretical analysis of international trade and industrial policy, developing and using new models of trade with imperfect competition. Modeling of imperfect competition within international trade has been difficult until recent breakthroughs in this area, which have provided a more realistic view of the world economy. The book builds on the advances provided by such tools as game theory and the theory of monopolistic competition. The first section covers broad and basic trade issues which arise under imperfect competition. Section two examines implications for trade policy covering issues such as strategic trade policy in static and dynamic settings. Section three deals with various structural issues, such as optimal choice of trade liberalizing policies, the formation of trade blocks, and open dualistic economy with externalities.

Table of Contents

Contributing authors	vii
Preface	ix
Introduction	1	(12)
Winston W. Chang
Seiichi Katayama
I Basic issues of imperfect competition in international trade	13	(86)
Theory and policy of trade with imperfect competition	15	(38)
Winston W. Chang
Seiichi Katayama
The gains from free trade under imperfect competition	53	(10)
Murray C. Kemp
Masayuki Okawa
On the behavior of monopoly in general equilibrium trade models	63	(16)
Makoto Tawada
Masayuki Okawa
The international diffusion of the fruits of technical progress under imperfect competition	79	(20)
Murray C. Kemp
Masayuki Okawa
II Trade policy issues	99	(86)
Demand behavior and import policy	101	(8)
Ronald W. Jones
Elimination of firm and welfare under international oligopoly	109	(12)
Sajal Lahiri
Yoshiyasu Ono
Intermediate input dependency, technology catch-up, and strategic Trade Policy	121	(22)
Winston W. Chang
Ki-Hong Park
Tariff Protection, imperfect competition, and time consistency	143	(16)
Suezo Ishizawa
Imperfect competition, intra-industry trade, and trade policy	159	(16)
Yasuo Uekawa
Dynamic effects of subsidies on output and R&D in an international export rivalry model	175	(10)
Takao Ohkawa
Koji Shimomura
III Trade liberalization and structural issues	185	(82)
Endogenous dualistic structure, Marshallian externalities, and industrialization	187	(20)
Michihiro Ohyama
Yoshihiko Fukushima
Intercountry gaps in increasing-returns-to-scale technologies and the choice among international economic regimes	207	(24)
Katsuhiko Suzuki
Retaliatory mechanisms for eliminating trade barriers: aggressive unilateralism vs. GATT cooperation	231	(18)
Kathryn E. Spier
David E. Weinstein
The impact of EC92 on the third country: a simple analytical framework under imperfect competition	249	(18)
Junichi Goto
Index	267