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dc.contributor.authorAmir, Rabah
dc.contributor.authorJin, Jim Yongtao
dc.contributor.authorTröge, Michael
dc.identifier.citationAmir , R , Jin , J Y & Tröge , M 2015 ' Free trade vs. autarky under asymmetric Cournot oligopoly ' School of Economics & Finance Discussion Paper , no. 1509 , University of St Andrews , St Andrews , pp. 1-20 .en
dc.identifier.otherPURE: 227168253
dc.identifier.otherPURE UUID: 9626e18f-c8d8-4388-9285-355deebed93e
dc.description.abstractThe paper compares free trade with autarky in an asymmetric multi-country world with Cournot competition, constant returns and linear demand. We first derive conditions for free trade to hurt a country’s consumers, to benefit its firms, to induce it to export, to increase its output, and to raise its welfare. We further show these conditions are linked in a clear order, with each one implying the next. We then demonstrate that with different reservation prices trade can reduce world output and total consumer surplus as well as world welfare and correct oversights in earlier findings by Dong and Yuan (2010).
dc.publisherUniversity of St Andrews
dc.relation.ispartofseriesSchool of Economics & Finance Discussion Paperen
dc.rightsCopyright (c)2015 the authorsen
dc.subjectFree tradeen
dc.subjectCournot competitionen
dc.subjectWelfare lossen
dc.subjectHB Economic Theoryen
dc.subjectHD Industries. Land use. Laboren
dc.titleFree trade vs. autarky under asymmetric Cournot oligopolyen
dc.typeWorking or discussion paperen
dc.contributor.institutionUniversity of St Andrews.School of Economics and Financeen

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