Leahy, Dermot and Neary, Peter
Oligopoly and Trade.
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).
||GOLE (General Oligopolistic Equilibrium); reciprocal dumping; strategic trade policy.
||Social Sciences > Economics, Finance & Accounting
Ms Sandra Doherty
||10 Jan 2011 12:09
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